The Objective of Establishing the World Bank Was to

question 50

Multiple Choice

The objective of establishing the World Bank was to

• A) revive the gold standard.
• B) promote general economic development.
• C) control and manage the International Monetary Fund.
• D) promote a floating exchange rate system.
• E) approve large currency devaluations.

---

Definitions:

Direct Labor Cost

The total cost of all labor directly involved in the production of a product or service.

Weighted-Average Method

An inventory costing method that calculates the cost of goods sold and ending inventory based on the weighted average of all units available for sale.