The World Bank Was Established To

question 5

Multiple Choice

The World Bank was established to:

• A) enhance development solely in Asia through grants.
• B) enhance economic development through non-subsidized loans (at market interest rates).
• C) enhance economic development through low-interest rate loans (below-market rates).
• D) enhance economic development of the private sector through investment in stock of corporations.

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Definitions:

Confidence Interval

A range of values, derived from sample data, that is likely to contain the value of an unknown population parameter with a specified level of confidence.

Margin Error

The amount of error that one can expect in an estimate, often expressed as a plus-or-minus figure and used in statistical analysis to indicate confidence in results.

Confidence Level

The probability percentage that specifies how reliable a confidence interval is in statistical analysis.

Normal Distribution

A symmetric probability distribution characterized by a bell-shaped curve, where the mean, median, and mode of the distribution are equal.