Asked by Mackenzie Vatter on May 19, 2024
Verified
The World Trade Organization
A) is also known as the International Monetary Fund (IMF) .
B) is also known as NAFTA.
C) was established to oversee trade agreements between its member nations.
D) enhances world trade by providing interest rate subsidies to foreign borrowers who buy exports on credit.
Trade Agreements
Formal arrangements between countries to regulate tariffs, quotas, and other trade restrictions to facilitate and encourage international trade.
- Analyze the purpose and actions of worldwide trading entities, notably the World Trade Organization (WTO).
Verified Answer
AD
Amber Decker-BrooksMay 23, 2024
Final Answer :
C
Explanation :
The World Trade Organization (WTO) was established in 1995 to oversee trade agreements and resolve disputes between its member nations. It is not the same as the International Monetary Fund (IMF) or the North American Free Trade Agreement (NAFTA). The WTO does not provide interest rate subsidies to foreign borrowers who buy exports on credit.
Learning Objectives
- Analyze the purpose and actions of worldwide trading entities, notably the World Trade Organization (WTO).