The International Monetary Fund (IMF) and the World Bank are
A. no longer necessary to the economy
B. run by the US government
C. former nonprofit organizations
D. global financial resources
Please select the best answer from the choices provided.
00:00
ooo D.

Respuesta :

Answer:

The International Monetary Fund (IMF) and the World Bank are global financial resources.

Option: (D)

Explanation:

  • When a country or a large organization is going through a financial crisis, there are numerous agencies that it can seek financial aid from. The International Monetary Fund and the World Bank are two such agencies that render financial help to countries and large organizations.
  • The financial help dispensed by them is usually in the form of long-term loans that are expected to be returned in a stipulated time-frame with interest.

The International Monetary Fund (IMF) and the World Bank are global financial resources.

What are global financial resources?

The financial globalization is well-known: it facilitates the transfer of savings across borders, allowing savings to finance productive investment, promoting growth and job creation, as well as portfolio diversification.

In a global view, financial systems include the International Monetary Fund, central banks, government treasuries and monetary authorities, the World Bank, and major private international banks.

Thus, option D is true, as the International Monetary Fund (IMF) and the World Bank are global financial resources.

Learn more about World Bank here,

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