Economics WAEC

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

A. easy access to long term loans
B. management of foreign exchange
C. mediating in labour dispute
D. financing balance of payment deficit

Correct Answer: Option A

A. easy access to long term loans

Explanation

The World Bank is a vital source of financial and technical assistance to developing countries around the world. We are not a bank in the ordinary sense but a unique partnership to reduce poverty and support development.

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