Which of the Following Observations About the International Development Association

question 118

Multiple Choice

Which of the following observations about the International Development Association (IDA) scheme of the World Bank is true?

• A)Money is raised through bond sales in the international capital market.
• B)Borrowers have up to 50 years to repay at an interest rate of less than 1 percent a year.
• C)IDA loans go only to European countries.
• D)Grants and interest-free loans are denied to governments of underdeveloped nations.
• E)The bank offers loans only to customers with a satisfactory credit rating.

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Definitions:

Cultural Inertia

The resistance to change in a group's or organization's culture, often due to established norms, values, and behaviors.

Mutual Adaptation

is the process where individuals or groups adjust their behavior, expectations, or attitudes to align with each other or a changing environment.

Cross-cultural Teamwork

Involves team members from diverse cultural backgrounds working together, which can offer creative solutions but may also present challenges in communication and collaboration.

Collectivism

A social theory prioritizing group goals over individual ones, emphasizing cooperation and team harmony.