Of the Following,which Is NOT True About the IMF and World

question 42

Multiple Choice

Of the following,which is NOT true about the IMF and World Bank?

• A) They were established in 1890.
• B) Their purposes are to promote international monetary stability and international trade.
• C) The IMF provides short-term loans to countries in financial crises.
• D) More than 180 countries participate as members of the IMF.
• E) The World Bank focuses upon long-term loans to developing countries seeking financing for economic reform purposes intended to raise the standard of living.

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Definitions:

Biologically Incapable

Refers to an organism's inability to perform or accomplish a certain task or function due to inherent physical or genetic limitations.

Egocentric

Focused on oneself and considering one’s own perspectives and interests above those of others.

Essentialist Tendency

The inclination to believe in an intrinsic, unchanging nature of things, often ignoring the influence of culture, context, and history.

Generalize

To make a general or broad statement by inferring from specific cases.