The is composed of a collection of nations as members, like the International Monetary Fund (IMF). However, unlike the IMF, it uses the private sector rather than the government sector to achieve its objectives. Select one: O a. World Bank O b. International Financial Corporation (IFC) O c. World Trade Organization (WTO) O d. International Development Association (IDA) e. Bank for International Settlements (BIS) If the forward rate is used to forecast the spot rate, and the forward rate of the Canadian dollar contains a 4% discount, and today's spot rate of the Canadian dollar is $.78, what is the spot rate forecasted for one year ahead? Select one: a. $.802. O b. $.811. c. $.749. d. $.755. e. none of the above