____________ is the formal name of the World Bank.
A
International Bank for Reconstruction
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B
International Bank for Reconstruction and Development
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C
International Bank for Development.
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D
International Bank for Restructure and Development.
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Solution
The correct option is B International Bank for Reconstruction and Development The World Bank focuses on economic growth of various nations. The formal name of the World Bank is the International Bank for Reconstruction and Development. It was established in 1944; it has its headquarters in Washington. The World Bank was established to ensure economic growth after the Second World War.