The World Bank

question 6

Multiple Choice

The World Bank

• A) does not take environmental matters into consideration when making loans.
• B) will not make any loans for purposes that might significantly affect the environment.
• C) primarily screens projects for their potential environmental impacts and requires full environmental assessments when there appears to be a high likelihood of a significant environmental impact.
• D) none of the above.

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Definitions:

Adjustment of Debts

A legal process or agreement designed to modify the terms or conditions of debt, often to extend the repayment period or reduce the amount of the installments.

Liquidation Proceedings

The process in a business context where a company's assets are distributed to claimants as part of the dissolution of the company.

Chapter 7

A bankruptcy process outlined in the U.S. Bankruptcy Code allowing individuals or businesses to discharge their debts by liquidating their assets.

Bankruptcy Code

The Bankruptcy Code is the federal law governing bankruptcy proceedings in the United States, providing for various forms of debt relief for individuals and organizations.