A Developing Country in Debt to the World Bank Was

question 72

Multiple Choice

A developing country in debt to the World Bank was offered financial assistance to alleviate the economic crisis if it would abide by certain conditions.The conditions were privatizing state-controlled services,importing goods from developed countries,and ending tariffs protecting local businesses.Which kind of economic theorizing supports this approach to development?

• A) Marxist
• B) neoliberal
• C) postmodernist
• D) Keynesian

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Definitions:

Bank Withdraws

Actions by which funds are taken out from a bank account by the account holder.

Endorsement

Signature on the back of a check with the terms for accepting the check as payment.

Cashed

Processed or exchanged for its value in money, typically referring to a check being turned into cash.

Restrictive Endorsement

A limitation placed on a check specifying the conditions under which it can be endorsed.