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Question
Which of the following is true according to the provisions of the Marshall plan?
A. The United States lent money directly to European nations to help them rebuild their economies.
B. Member countries of the International Monetary Fund were free to engage in competitive currency devaluations.
C. The World Bank lent funds to reconstruct the war-torn economies of Europe.
D. Money was lent to European countries under the International Bank for Reconstruction and Development scheme and the International Development Association scheme.
E. The World Bank lent money to the International Monetary Fund so that it could finance deficit-laden countries.
Answer
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