Multiple Choice
Which of the following is true of the IBRD scheme of the World Bank?
A) Resources to fund IBRD loans are raised through subscriptions from wealthy members.
B) IBRD loans go only to the poorest countries.
C) Borrowers pay the bank's cost of funds plus a margin for expenses.
D) Borrowers have 50 years to repay at an interest rate of 1 percent a year.
Correct Answer:
Verified
Correct Answer:
Verified
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