Which Bank Was Established in 1991 to Encourage Reconstruction and Development

question 152

Multiple Choice

Which bank was established in 1991 to encourage reconstruction and development in the Eastern and central European countries?

• A) The Export-Import Bank of the United States
• B) The MDB
• C) The European Bank for Reconstruction and Development
• D) The Inter-American Development Bank
• E) The International Monetary Fund

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Definitions:

Enumerated Powers

Specific powers granted to Congress by the U.S. Constitution, including taxation, coinage of money, regulation of commerce, and the authority to declare war.

Tariff

A tax imposed by a government on imported or exported goods.

Nullify

To legally invalidate or void a law, contract, or other legally-binding agreement.

State Governments

The governing authorities of the 50 states within the United States, each with its own constitution and powers separate from the federal government.