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​The International Development Association Was Established to Promote Economic Development

Question 61

Multiple Choice

​The International Development Association was established to promote economic development:


A) ​in Asia through grants to businesses.
B) ​by providing nonsubsidized loans (at market interest rates) to governments and their agencies.
C) ​by providing low-interest-rate loans (below-market rates) to poor nations.
D) ​through the private sector by providing loans to corporations and investing in their stock.

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