JAMB Economics 2009 Objective — Question 38
Question 38 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2009 Objective paper, with the correct answer and a full explanation.
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An important function of the World Bank is to
- A. provide short-run term loans to members
- B. encourage trade between members
- C. promote capital intensive productions
- D. provide long term loans to membersCorrect
Explanation
World Bank, also known as the International Bank for Reconstruction and Development provides long-term loans to members.
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