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Question

World Bank provides ___________ on reasonable terms to its member countries.

A
long term investment loan
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B
short term investment loan
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C
infrastructure loan
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D
mid-term investment loan
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Solution

The correct option is A long term investment loan
World Bank is an financial institution which was founded in 1945 at Bretton Woods. The headquarter of World Bank is in Washington DC. The main function of World Bank is to provide long term investment loans to its member countries. It comprises of two institutions: the International Bank for Reconstruction and Development and the International Development Association.

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