During the Uruguay Round,_____ Replaced the General Agreement on Tariffs

question 32

Multiple Choice

During the Uruguay Round,_____ replaced the General Agreement on Tariffs and Trade (GATT) .

• A)​the European Union (EU)
• B)the World Trade Organization (WTO)
• C)the North American Free Trade Agreement (NAFTA)
• D)​the International Monetary Fund (IMF) 

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Definitions:

Loan Agreement

A contract between a borrower and lender, specifying the loan's terms, repayment schedule, and interest rate.

Statute of Frauds

A legal concept that requires certain types of contracts to be in writing and signed by all parties involved to be enforceable.

General Manager

An executive responsible for overseeing the daily operations and overall management of a business or organization.

Statute of Frauds

A legal principle that requires certain types of contracts, including those for the sale of land or goods over a certain value, to be in writing to be enforceable.