The World Bank's Chief Mission Is to

question 65

Multiple Choice

The World Bank's chief mission is to

• A)provide development aid to poor countries.
• B)set the exchange rate for transferring money from one country to another.
• C)handle the finances of the United Nations.
• D)store the official gold reserves that back up the world's financial system.

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Definitions:

Obligee

A party who is entitled to receive a benefit or performance from another under the terms of a contract.

Assignee

An individual or entity to whom rights or interests have been transferred by another, especially in contractual or legal contexts.

Obligor's Performance

The execution of duties or fulfillment of obligations by the party (obligor) that is bound by a contractual agreement to provide a service, payment, or benefit to another party.

Life Insurance

A contract between an insurer and a policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured.