What Was the World Bank's Initial Mission

question 87

Multiple Choice

What was the World Bank's initial mission?

• A) implementing a rigid fixed exchange rate regime
• B) promoting the gold standard across the world
• C) providing low-interest loans to help finance the building of Europe's economy
• D) implementing a flexible fixed exchange rate regime

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Definitions:

Constructionist Analyses

Observations and studies that examine how social phenomena are created, institutionalized, and become tradition.

Arbitrariness

Actions or decisions made without apparent reason or established standards, often seen as random.

Administration of Law

The process of applying and enforcing legal rules and policies by governmental bodies or officials.

Formal Norm

Explicitly stated rules that govern the behaviors and actions within a society.