The World Bank operates primarily as a

A) deposit institution for nations' gold supplies.
B) coordinator for private banks in major nations.
C) lender of last resort to less-developed nations.
D) U.S. government agency that supervises banks worldwide.

World Bank

An international banking entity that offers financial support and grants to economically challenged countries for the advancement of capital projects.

Lender of Last Resort

An institution, usually a country's central bank, that offers loans to banks or other eligible institutions that are experiencing financial difficulty or are considered highly risky.

Less-Developed Nations

Countries with low levels of industrialization, low living standards, and low Human Development Index (HDI) scores.