Which of the Following Statements Is True About NAFTA

question 29

Multiple Choice

Which of the following statements is true about NAFTA?

• A)It aims to facilitate trade among the United States,Canada,and Mexico.
• B)Its members include Denmark,the United Kingdom,Portugal,the Netherlands,Belgium.
• C)It is an international market agreement aimed at facilitating trade among African nations.
• D)It works to reduce tariffs and other trade barriers across the Asia-Pacific region.
• E)It has 21 members,including Canada,the People's Republic of China,Indonesia,and the United States.

---

Definitions:

Exchange-rate System

The method by which a country manages its currency in relation to other currencies and determines its exchange rate.

Flexible System

An adaptable framework or methodology that can adjust to changes in environment or operation, often seen in production, management, or scheduling.

Major Currencies

The world's most widely traded currencies, typically including the US Dollar, Euro, Japanese Yen, and British Pound among others.

Managed Floating Exchange Rate

An exchange rate that is allowed to change (float) as a result of changes in currency supply and demand but at times is altered (managed) by governments via their buying and selling of particular currencies.