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The Role of International Financial Institutions

Description: This quiz will test your knowledge of the role of international financial institutions.
Number of Questions: 15
Created by:
Tags: economics government debt international financial institutions
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Which international financial institution was established in 1944 to promote international monetary cooperation and exchange rate stability?

  1. World Bank

  2. International Monetary Fund

  3. Bank for International Settlements

  4. Inter-American Development Bank

Show answer
Correct Option: B
Explanation:

The International Monetary Fund (IMF) was established in 1944 at the Bretton Woods Conference in New Hampshire, United States.

What is the primary objective of the World Bank?

  1. To promote economic growth in developing countries

  2. To provide financial assistance to governments

  3. To regulate the international financial system

  4. To promote trade between countries

Show answer
Correct Option: A
Explanation:

The World Bank's mission is to promote economic growth and reduce poverty in developing countries by providing financial and technical assistance.

Which international financial institution provides loans and grants to developing countries for infrastructure projects?

  1. World Bank

  2. International Monetary Fund

  3. Asian Development Bank

  4. African Development Bank

Show answer
Correct Option: A
Explanation:

The World Bank provides loans and grants to developing countries for infrastructure projects, such as roads, bridges, and power plants.

What is the function of the Bank for International Settlements (BIS)?

  1. To promote international monetary cooperation

  2. To provide financial assistance to governments

  3. To regulate the international financial system

  4. To promote trade between countries

Show answer
Correct Option: C
Explanation:

The BIS is an international financial institution that promotes international monetary cooperation and regulates the international financial system.

Which international financial institution provides financial assistance to developing countries in Latin America and the Caribbean?

  1. World Bank

  2. International Monetary Fund

  3. Inter-American Development Bank

  4. African Development Bank

Show answer
Correct Option: C
Explanation:

The Inter-American Development Bank provides financial assistance to developing countries in Latin America and the Caribbean.

What is the role of the Asian Development Bank (ADB)?

  1. To promote economic growth in Asia

  2. To provide financial assistance to governments

  3. To regulate the international financial system

  4. To promote trade between countries

Show answer
Correct Option: A
Explanation:

The ADB's mission is to promote economic growth and cooperation in Asia by providing loans, technical assistance, and grants.

Which international financial institution provides financial assistance to developing countries in Africa?

  1. World Bank

  2. International Monetary Fund

  3. African Development Bank

  4. Asian Development Bank

Show answer
Correct Option: C
Explanation:

The African Development Bank provides financial assistance to developing countries in Africa.

What is the purpose of the European Investment Bank (EIB)?

  1. To promote economic growth in Europe

  2. To provide financial assistance to governments

  3. To regulate the international financial system

  4. To promote trade between countries

Show answer
Correct Option: A
Explanation:

The EIB's mission is to promote economic growth and integration in Europe by providing loans and guarantees for infrastructure projects.

Which international financial institution provides financial assistance to developing countries in the Middle East and North Africa?

  1. World Bank

  2. International Monetary Fund

  3. Islamic Development Bank

  4. African Development Bank

Show answer
Correct Option: C
Explanation:

The Islamic Development Bank provides financial assistance to developing countries in the Middle East and North Africa.

What is the role of the New Development Bank (NDB)?

  1. To promote economic growth in developing countries

  2. To provide financial assistance to governments

  3. To regulate the international financial system

  4. To promote trade between countries

Show answer
Correct Option: A
Explanation:

The NDB's mission is to promote economic growth and cooperation among its member countries by providing loans and technical assistance.

Which international financial institution provides financial assistance to developing countries in the Caribbean?

  1. World Bank

  2. International Monetary Fund

  3. Caribbean Development Bank

  4. African Development Bank

Show answer
Correct Option: C
Explanation:

The Caribbean Development Bank provides financial assistance to developing countries in the Caribbean.

What is the purpose of the Central American Bank for Economic Integration (CABEI)?

  1. To promote economic growth in Central America

  2. To provide financial assistance to governments

  3. To regulate the international financial system

  4. To promote trade between countries

Show answer
Correct Option: A
Explanation:

The CABEI's mission is to promote economic growth and integration in Central America by providing loans and technical assistance.

Which international financial institution provides financial assistance to developing countries in the Pacific?

  1. World Bank

  2. International Monetary Fund

  3. Asian Development Bank

  4. Pacific Islands Development Bank

Show answer
Correct Option: D
Explanation:

The Pacific Islands Development Bank provides financial assistance to developing countries in the Pacific.

What is the role of the Eurasian Development Bank (EDB)?

  1. To promote economic growth in Eurasia

  2. To provide financial assistance to governments

  3. To regulate the international financial system

  4. To promote trade between countries

Show answer
Correct Option: A
Explanation:

The EDB's mission is to promote economic growth and cooperation among its member countries by providing loans and technical assistance.

Which international financial institution provides financial assistance to developing countries in South Asia?

  1. World Bank

  2. International Monetary Fund

  3. Asian Development Bank

  4. South Asian Development Bank

Show answer
Correct Option: C
Explanation:

The Asian Development Bank provides financial assistance to developing countries in South Asia.

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