WAEC Economics 2015 Question 49

Question 49

International Economic Organisations

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

  1. A.Easy access to long term loans
  2. B.Management of foreign exchange
  3. C.Mediating in labour disputes
  4. D.Financing balance of payments deficit.
Show the answer and explanation

Answer: A (Easy access to long term loans)

Explanation

The World Bank gives long-term loans for development projects.