The Successor Organization to GATT, Created in 1995, Is the

question 86

Multiple Choice

The successor organization to GATT, created in 1995, is the

• A) WTO.
• B) EU.
• C) NAFTA.
• D) FDIC.

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Definitions:

Liabilities

Financial obligations or debts owed by a person, company, or entity to others.

Assets

Resources with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit.

Checkable Deposits

Bank account balances that can be accessed using checks, debit cards, or electronic transfers and are very liquid.

Required Reserve Ratio

The fraction of deposits that banks are mandated by regulation to hold in reserve and not lend out.