The Initial Mission of the World Bank Was to __________________

question 91

Multiple Choice

The initial mission of the World Bank was to __________________

• A) help repay the allies war debt.
• B) help small businesses establish export operations.
• C) provide letters of credit on behalf of first-time exporters.
• D) provide development loans for developing countries in Asia.
• E) help finance the re-building of Europe's economy by providing low-interest loans.

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Definitions:

Accounts Payable

Money owed by a business to its suppliers for goods or services that have been delivered or used but not yet paid for.

Accounts Receivable

Debts owed by clients to a corporation for items or services that have been supplied but are still unpaid.

Fees Earned

Revenue generated from professional services provided, often used in accounting for law firms, consulting businesses, and other service providers.

Cash

Money in the form of bills or coins, immediately available for transactions or expenditure.