Practice Quiz

Praxis II Citizenship

Category - Economics

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To which institution would a developing nation appeal for financial assistance that would allow the nation to grow its economy?
  1. The World Bank
  2. The International Growth Centre
  3. TheCommittee for Industrial Organization
  4. The World Trade Organization
Explanation
Answer: A - A developing nation wanting to spur economic growth would appeal to the World Bank for the financial assistance. The World Bank is an international financial institution that was created in 1944 to provide economic stimulus loans to developing nations. While the organization has 188 member nations, it is headquartered in Washington, D.C. and all of its presidents have been American. Developing nations can also appeal to the International Monetary Fund for economic aid. Both organizations also aid developing nations in ways that are not directly related to economic improvements.
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