CSEET Economics: Global Financial Institutions – MCQs  1. Which of the following institutions is known as the "lender of last resort" for countries facing balance of payments crises? A. World Bank B. IMF C. WTO D. OECD Answer: B. IMF Explanation: The International Monetary Fund provides short-term financial support to countries facing balance of payments problems.  2. The World Bank was established in which year? A. 1944 B. 1947 C. 1950 D. 1965 Answer: A. 1944 Explanation