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The World Bank

Part one of term paper
is unlike any other bank in the world. There is no depositing or withdrawing of money from any type of checking/savings account. This is because is actually an international development organization owned by its more than one hundred and eighty member countries. was developed to lend money to the governments of its poorer members, commonly ...

Part two of term paper
... Development. When its operations began in 1946 it had thirty-eight member counties. Later in the fifties and sixties many newly independent nations joined the bank, and in modern times most countries of the world are members. The bank is structured like a global cooperative, owned by its member countries. The size of a country’s stockholding is determined relative to it’s economic strength relative to the worldwide economy. The United States is the single largest stockholder, holding around sev ...

Word count: 685 | Approximate pages: 3

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