Question

The World Bank was formed with the primary objective of overcoming inadequate monetary reserves and dealing with unstable currencies which were particularly vexing problems in global trade.

A) True
B) False
C) Partially true
D) Not addressed in the passage

Answer 1

The World Bank was initially focused on rebuilding postwar economies and promoting development, but also had objectives related to stabilizing currencies.

Step-by-step explanation:

The statement that the World Bank was formed with the primary objective of overcoming inadequate monetary reserves and dealing with unstable currencies, which were particularly vexing problems in global trade, can be considered partially true. The World Bank indeed had objectives related to stabilizing the international economy and aiding in the reconstruction of war-torn nations. However, the primary focus of the World Bank initially was to help rebuild the economies of countries devastated by war, as well as promote economic development in developing countries, before later adapting to funding projects around the world in various sectors.