Which of the Following Observations About the International Development Association

question 71

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 50 years to repay at an interest rate of 1 percent a year.
• C)Borrowers pay rates slightly lower than commercial banks' market rate.
• D)Loans are offered to governments of all underdeveloped nations.

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Definitions:

Nonprofit Organizations

Organizations that operate for the public or social benefit, without the goal of making profits for owners or shareholders.

Social Change

The variation in societal norms and cultural values over time, which impacts the way individuals and communities live and interact.

Worth

The value or importance of something, often measured in terms of money, effectiveness, or intrinsic merit.

Private Foundations

Nonprofit organizations funded by a single source, like a family or corporation, to support charitable activities.