Which of the Following Is One of the "Three Sisters"-The

question 28

Multiple Choice

Which of the following is one of the "three sisters"-the three largest international financial institutions?

• A) World Financial Cooperative
• B) Universal Monetary Fund
• C) the World Bank
• D) the Commerce Organization

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Definitions:

Specific Power

Authority granted to an individual or body to carry out specific actions in a designated context or situation.

Agency Agreement

A legal contract creating a fiduciary relationship which empowers an agent to act on behalf of a principal in transactions.

Apparent Agency

A legal concept where a principal is liable for the acts of their agent, based on the appearance of authority the agent has been given, even if no actual authority was given.

Implied Agency

A form of agency relationship created by actions of the parties involved rather than a written agreement, suggesting one party can act on behalf of another.