Which of the following is a function of World Bank?
A) Implementing a rigid fixed exchange rate regime
B) Promoting gold standard across the world
C) Lending money to governments for development
D) Implementing a flexible fixed exchange rate regime

Question

Quizplus · Accepted Answer

The World Bank's primary function is to lend money to governments for development projects, such as infrastructure, education, and healthcare. It is a specialized agency of the United Nations and has a mission to reduce poverty and promote shared prosperity. Options A and D mention implementing fixed exchange rate regimes, which is not within the scope of the World Bank's function. Option B of promoting gold standard is also not a function of the World Bank.

Which of the Following Is a Function of World Bank