International Monetary Fund and World Bank Quiz

What is not a goals of the IMF?

• Promote international monetary cooperation

• expand international trade

• Promote currency exchange instability

• have polices which ensure high levels of employment around the world

What is the World Bank's largest source of development assistance for less-developed nations?

• Loans for poverty reduction

• Loans for macroeconomic stabilization

• Loans for private business development

• Loans for environmental protection

What type of project did the World Bank fund in Tanzania?

• Developing social institutions

• Institution-building

• Environmental protection

• Private business development

Which 2 types of foreign aid is a loan from the world bank/IMF considered to be?

• multilateral

• emergency

• military

• tied

Which would likely not be a condition of a loan received from the IMF?

• reduce public spending

• subsidize local businesses

• abolish trade tariffs

• deregulate trade policies

When the USA banned the importing of shrimp that had been caught using nets that were dangerous for sea turtles, the IMF ...

• supported the USAs decision as the policy was helping protect the environment.

• supported the USAs decision as it would improve the fishing industry in North America.

• did not support the USAs decision as the IMF wanted to protect the local fisher's right to catch more shrimp.

• did not support the USAs decision the ban on trade went against the conditions the IMF had set for the USA.

The IMF and World Bank were set up following which war?

• World War 1

• World War 2

• The Korean War

• The Vietnam War

In which country is the world bank based?

• United Kingdom

• Switzerland

• Germany

• United States