Ch7 Quiz
Which statement is NOT true about the World Trade Organization (WTO)?
The WTO is a direct enforcer of trade agreements.
All of the following factors are likely to increase the amount of trade between two countries EXCEPT:
two countries are separated by a mountain range.
Voting rights in the IMF are determined on the basis of:
Proportion to contributions given by each country.
The following institutions grew out of the Bretton Woods conference held in 1944:
The IMF and the WTO.
The organization that oversees global trade negotiations and settles trade disputes among its members is the:
World Trade Organization.
The IMF provides all of the following EXCEPT:
a depository for a nation's excess funds.
The WTO is guided by all of the following principles EXCEPT:
facilitate nations in charging different tariffs to each trade partner.
The original mission of the World Bank was to
finance post-World War II reconstruction.
The GATT originally served to
reduce tariffs among member nations.
In modern times the World Bank's primary purpose is ____, whereas the IMF's primary purpose is____.
to aid nations with economic development; to help nations maintain stable economies.