How Does the International Monetary Fund (IMF)compare with the World

question 48

Multiple Choice

How does the International Monetary Fund (IMF) compare with the World Bank?

• A)The IMF works to balance international payments,whereas the World Bank works to balance national accounts.
• B)The IMF coordinates international currency exchange and the balance of international payments,whereas the World Bank provides development loans to developing countries.
• C)The IMF has states as members,whereas the World Bank has regional banks such as the European Bank for Reconstruction and Development as members.
• D)The IMF prefers the operation of multinational corporations across borders,whereas the World Bank prefers the operation of national companies across borders.

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Definitions:

Annual Fuel Bill

The total cost incurred by an entity or an individual for fuel consumption over the course of a year.

Interest Rate

The charge, presented as a percentage of the principal, required by a lender from a borrower for the employment of assets.

Insulation Job

A task involving the application of insulating materials to buildings or other structures to reduce energy consumption and improve thermal performance.

Annual Fuel Bill

The total cost of fuel consumed in a year, typically for vehicles or heating.