5
QuizMultiple Choice

Financial Resources and Global Lending

Question 5 • GA-GSE World Geography B

Which of the following statements about the World Bank is false?

Answer
A
The World Bank accepts deposits and makes loans for corporations, countries, and individuals around the world.
B
The World Bank is owned and operated by its members.
C
The World Bank's original purpose was to help with the rebuilding effort in Europe following World War II.
D
The World Bank's current mission is to reduce poverty around the world.

Explanation

The World Bank is not a general bank that accepts deposits or makes loans to individuals around the world. It primarily provides financing and support for development projects, often through member countries. Its postwar work included helping rebuild Europe, and reducing poverty is central to its current mission, so the false statement is that it accepts deposits and lends to corporations, countries, and individuals.

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