Which Organization Was Created to Facilitate Private Investment in Developing

question 41

Multiple Choice

Which organization was created to facilitate private investment in developing nations in the 1950s and 1960s?

• A)General Agreement on Tariffs and Trade.
• B)International Monetary Fund.
• C)International Bank for Reconstruction and Development.
• D)Council for Mutual Economic Assistance.
• E)Marshall Plan.

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Definitions:

Foreclosure Sale

The process of selling an asset, typically real estate, to fulfill an obligation or debt that the owner has failed to pay.

Unsecured Party

A lender or creditor who provides credit without obtaining specific collateral as security for the loan.

Credit Card

A plastic card issued by a financial institution that allows the holder to borrow funds to pay for goods and services.

Repayment

The act of paying back money that was borrowed from a lender.