Question

At the end of WWII, three major international organizations were established to accelerate trade and economic growth among countries of the world. They are: the IMF, the World Bank, and ________.

a. NAFTA b. MFN c. VER d. GATT e. QR

Answer 1

Answer: D. General Agreement on Tariffs and Trade

Explanation: The General Agreement on Tariffs and Trade is a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas.

Signed: 30 October 1947

Location: Geneva, Geneva Canton, Switzerland