Asked by
apollo Jackson
on Nov 12, 2024
Verified
Which of the following is not an example of foreign aid?
A) U.S.discount stores purchasing toys from Chinese manufacturers
B) The International Monetary Fund extending loans to countries that have trouble with their balance of payments
C) The World Bank providing loans and grants to support health and education programs
D) The U.S.government providing funds to build an electricity plant in Albania
E) The Australian government providing funds to repair highways in Tonga
Balance of Payments
A record of all transactions made between entities in one country and the rest of the world over a period of time, including trade, services, and financial transfers.
Foreign Aid
Financial or other assistance provided by one country to another, often in the form of grants, loans, or technical assistance.
- Fathom the workings and implications of external support on economies of developing countries.
Verified Answer
RM
Learning Objectives
- Fathom the workings and implications of external support on economies of developing countries.