BACHELOR OF BUSINESS ADMINISTRATION

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BUSINESS ADMINISTRATION

BUSINESS LAW

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
This simply means that the Philippines must have the ability to cope with its economic problems or to implement its development programs by the use of its own resources with a minimum of dependence from foreign governments, inventors or financing institutions for loans and investments
A
Independent Economy
B
Self Reliance
C
Promotion of Industrialization
Explanation: 

Detailed explanation-1: -The World Bank promotes long-term economic development and poverty reduction by providing technical and financial support to help countries implement reforms or projects, such as building schools, providing water and electricity, fighting disease, and protecting the environment.

Detailed explanation-2: -Development financial institutions provide long-term credit for capital-intensive investments spread over a long period and low yielding rates of return, such as urban infrastructure, mining and heavy industry, and irrigation systems.

Detailed explanation-3: -The Bretton Woods Agreement established a system through which a fixed currency exchange rate could be created using gold as the universal standard. The agreement involved representatives from 44 nations and brought about the creation of the International Monetary Fund (IMF) and the World Bank.

Detailed explanation-4: -IMF focuses on fostering global monetary cooperation, securing financial stability, facilitating and promoting international trade, employment, and economic growth around the world.

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