Most of the Loanable Funds Available to the World Bank

question 1

Multiple Choice

Most of the loanable funds available to the World Bank to lend to developing nations come from

• A) the sale of oil.
• B) developing nations.
• C) the world's wealthiest nations.
• D) the sale of international bonds that are issued by the World Bank.

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Definitions:

Account

A record that summarizes all transactions related to a particular item, individual, or entity in the financial statements.

Title

Title refers to the legal right to own or possess something, such as real estate or an automobile, proving ownership through documents or deeds.

Debit Side

The left side of an accounting ledger where debits are recorded, typically increasing assets or decreasing liabilities and equity.

Credit Side

The side of an accounting ledger where increases in liabilities, income, and equity are recorded, as well as decreases in assets.