Which of the Following Was the Initial Mission of the World

question 82

Multiple Choice

Which of the following was the initial mission of the World Bank?

• A)Maintaining order in the international monetary system
• B)Financing the building of Europe's economy by providing low-interest loans
• C)Taking over as the successor to the International Monetary Fund
• D)Reviving the gold standard system
• E)Enforcement of the floating exchange rate system

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Definitions:

Government Intervention

Actions taken by a government to influence or directly control aspects of its economy, such as regulations, subsidies, and tariffs.

Full Employment

A condition in which everyone who is willing and able to work at prevailing wage rates is employed.

Employment Act

Legislation aimed at governing labor practices, including hiring, working conditions, and rights of employees and employers.

Price Stability

An economic condition in which the prices of goods and services remain relatively constant over time, preventing significant inflation or deflation.