WAEC Economics 2018 Question 47

Question 47

International Economic Organisations

The International Bank for Reconstruction and Development (IBRD) performs the following functions except

  1. A.granting long-term loans.
  2. B.assisting with technical expertise.
  3. C.reducing tariff among members.
  4. D.developing human resource.
Show the answer and explanation

Answer: C (reducing tariff among members.)

Explanation

Reducing tariffs is the work of the WTO, not the World Bank.