The Group of 188 Nations That Have Combined Resources to Promote

question 178

Multiple Choice

The group of 188 nations that have combined resources to promote stable exchange rates,provide temporary short-term loans,and serve other purposes is the

• A) International Monetary Fund (IMF).
• B) Bank of Canada.
• C) Global Bank.
• D) Interbank Bank.
• E) World Bank.

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Definitions:

Prize

A reward given for a specific achievement or win in a competition.

Earn

To receive payment in return for work or services provided, or to gain money or profit through investment or business activities.

Car Loan

A financial loan that consumers use specifically to buy a new or used car, typically secured against the car itself.

Interest Rate

The interest rate is the percentage of the loan amount that lenders charge borrowers as interest, usually represented as an annual percentage of the remaining loan balance.