Which of the following organizations was formed with the original purpose of helping build infrastructure in developing countries and helping relieve the debt burden of these countries?
A) the International Funding Bank
B) the Central Bank
C) the World Bank
D) the Bank of Canada

Question

Quizplus · Accepted Answer

The World Bank was formed in 1944 with the original purpose of helping to rebuild Europe after World War II. Since then, its focus has shifted to helping developing countries build infrastructure and relieve their debt burden through loans, grants, and technical assistance. The International Funding Bank and the Central Bank are not real organizations, and the Bank of Canada is a central bank focused only on Canada's economy.

Which of the Following Organizations Was Formed with the Original