Multiple Choice
Which of the following observations about the International Development Association (IDA) scheme of the World Bank is true?
A) Money is raised through bond sales in the international capital market.
B) Borrowers have 50 years to repay at an interest rate of 1 percent a year.
C) Borrowers pay rates slightly lower than commercial banks' market rate.
D) Loans are offered to governments of all underdeveloped nations.
Correct Answer:
Verified
Correct Answer:
Verified
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