Question

Which of the following statements are true?

• A. The World Bank was founded a year after the International Monetary Fund
• B. The World Bank works with developing nations to eradicate poverty and help them prosper.
• C. The International Monetary Fund balances out the finanacial framework across the world.
• D. The World Bank is responsible for balancing out the finanacial framework across the world.

Answer 1

Answer: (B), (C)

The correct options are
B The World Bank works with developing nations to eradicate poverty and help them prosper.
C The International Monetary Fund balances out the finanacial framework across the world.

• The World Bank helps with the growth and development of private sectors in developing countries, and provides them with financial support, policy advice, and technical support.
• The World Bank consists of two organisations: the International Bank for Reconstruction and Development, and the International Development Association.
• The International Monetary Fund monitors the finances globally. It also promotes global trade and employment.