The International Bank for Reconstruction and Development(IBRD) performs the following functions except ____________
A. granting long-term loans B. assisting with technical expertise C. reducing tariff among members D. developing human resource
Correct Answer: C
Explanation
The major function of the International Bank for Reconstruction and Development (IBRD) is to grant long-term loans for developmental purposes to member states, provide technical support and expertise at each stage of a project being undertaken, and the development of human resources. It is not the job of the IBRD to reduce tariffs amongst its members.
