Practice Quiz

CLEP Social Sciences

Category - Social Sciences

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What is the international organization that provides loans and subsidies to many countries, especially developing nations?
  1. World Bank
  2. World Trade Organization
  3. UNICEF
  4. World Health Organization
Explanation
Answer - A - The World Bank is the international organization that provides loans and subsidies to many countries, especially developing nations.

Key Takeaway: World Bank is a term used to describe an international financial institution that provides leveraged loans and subsidies to developing countries for capital programs. The World Bank has a stated goal of reducing poverty worldwide.
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