The World Bank Provides a Cheaper Funding Source for Developing

question 92

Multiple Choice

The World Bank provides a cheaper funding source for developing countries as most developing countries:

• A)have to repay the amount without the WB making adjustments for the rise in inflation.
• B)do not have to furnish any guarantee of repayment to avail the WB loans.
• C)do not have to pay any interest on the loans disbursed by the WB.
• D)have considerably low credit ratings.
• E)cannot avail loans from any institution apart from the World Bank.

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Definitions:

Marketable

Referring to assets or securities that are easily sold or converted into cash without significant loss in value.

Professionally Installed

Refers to equipment or systems setup and configured by experts or certified technicians, ensuring optimal performance and compliance with standards.

Installation Fee

A charge for setting up or installing a product, service, or system.

Gross Domestic Product

The total monetary value of all goods and services produced by a country's economy over a specified period.