Which of the Following Does Not Describe the World Bank

question 72

Multiple Choice

Which of the following does not describe the World Bank?

• A)an economic development institution
• B)affiliated with the United Nations
• C)offers low-fee checking accounts to anyone in the world
• D)estimates output per capita figures
• E)uses output per capital figures to classify economies

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Definitions:

Undue Influence

Pressure from a dominant, trusted person that makes it impossible for a party to bargain the terms of a contract freely.

Negotiable Instruments

Substitutes for money that bestow unique benefits; vehicles for conveniently transferring funds or advancing credit.

Bills of Exchange Act

Legislation that regulates the creation and the use of bills of exchange, a type of negotiable instrument.

Holder in Due Course

A legal term describing someone who has obtained a negotiable instrument in good faith and for value, thus having certain protections.