Which International Institution Was Set Up in 1960 to Make

question 16

Multiple Choice

Which international institution was set up in 1960 to make loans at subsidized rates to poorer developing countries?

• A)International Monetary Fund
• B)International Bank for Reconstruction and Development
• C)International Development Association
• D)International Finance Corporation

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Definitions:

Quoted

Refers to stating the current price of a stock, bond, commodity, or any financial instrument, or the most recent bid and ask prices available.

Yield To Maturity

The cumulative earnings forecasted from a bond assuming it is kept until its expiration date.

Annual Coupon

The yearly interest payment made to bondholders, generally expressed as a percentage of the bond's face value.

Face Value

The face value or the amount in dollars shown on a bond, note, or any financial instrument, representing its value upon reaching maturity.