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WAEC Economics 2015 Objective — Question 49

Question 49 of 50 from the West African Examinations Council (WAEC) Economics 2015 Objective paper, with the correct answer and a full explanation.

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Which of the following is a benefit to a member country of the World Bank?

  • A. Easy access to long term loansCorrect
  • B. Management of foreign exchange
  • C. Mediating in labour disputes
  • D. Financing balance of payments deficit

Explanation

The World Bank is an international organization that provides member countries with access to long-term development loans.

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