Question

____ is an organization established by the industrialized nations in 1946 to loan money to underdeveloped and developing countries.(A) World Bank (B) International Monetary Fund (IMF) (C) Asia-Pacific Economic Cooperation (APEC) (D) World Trade Organization (WTO)

Answer 1

Answer:

(A) World Bank

Explanation:

The World Bank is a financial institution created after World War II by developed countries to promote economic development around the world through loans to developing countries. To get a loan, a developing nation must submit a project that is evaluated by World Bank secretaries. Some focus areas the bank finances are human development, agriculture, environmental protection, industrial projects, infrastructure, and corporate governance.