Which of the following statements is true of foreign aid received by a developing country?
A)Private international borrowing and lending are highly encouraged by the governments of developing countries.
B)Private international borrowing and lending are heavily restricted by the governments of developing countries.
C)Foreign aid permanently raises the standard of living in developing countries.
D)Foreign aid can help in eliminating corruption in developing countries.
E)Foreign aid to developing countries is coordinated by the United Nations.

Question

Quizplus · Accepted Answer

Developing countries often restrict private international borrowing and lending to control economic stability and prevent excessive foreign debt.

Which of the Following Statements Is True of Foreign Aid