The World Bank is a financial institution that is primarily responsible for providing loans to countries of the European Union.

True

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False

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Solution

The correct option is B False

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Similar questions

World Bank is an institution which provides loans to countries.

Q24. Consider the following statements about Credit Crunch:

1. An economic situation where banks and other financial institutions become extremely reluctant to provide loans to businesses.

2. An economic crisis where countries are not able to get funding from World Bank.

3. It also known as credit squeeze.

Which of the above statements are correct?

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