The World Bank Focuses on These Three Development Themes in Classifying

question 68

Multiple Choice

The World Bank focuses on these three development themes in classifying nations into economic categories: __________.

• A)people, the environment, and health care
• B)people, the economy, and health care
• C)people, the economy, and political stability
• D)people, the environment, and the economy

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Definitions:

Unexpected Expenditures

Expenses that were not planned or budgeted for, often requiring immediate payment.

Risk-Averse

A description of an investor or decision-maker who prefers to minimize uncertainty or potential loss, favoring safer over riskier options.

Financial Intermediary

An institution that acts as a middleman between savers and borrowers, including banks, investment companies, and insurance companies.

Borrowing Funds

The act of obtaining resources, typically money, from another party with the agreement to return the principal amount along with interest or other charges.