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WAEC Commerce 2009 Question 39

Question 39

Economic Integration

One of the main objectives of International Bank for Reconstruction and Development (IBRD) is to

  1. A.settle interbank indebtedness
  2. B.lend to poor countries
  3. C.oversee the activities of banks abroad
  4. D.encourage trade liberalization among members
Show the answer and explanation

Answer: B (lend to poor countries)

Explanation

The IBRD (World Bank) lends to member countries for reconstruction and development.