_____ Was Founded in 1945,one Year After the Creation of the World

question 15

Multiple Choice

_____ was founded in 1945,one year after the creation of the World Bank,to promote trade through financial cooperation and eliminate trade barriers in the process.

• 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:

Municipal Bonds

Fixed-income securities issued by cities, states, or other local government entities to finance public projects.

Taxable Corporate Bond

A fixed-income security issued by a corporation that is subject to taxes on the interest income received by the bondholder.

Pretax Equivalent

Pretax Equivalent is a term used in finance to describe the gross amount of income or yield before taxes are deducted, useful for comparing investments with different tax treatments.

Uncollected Receivables

Amounts owed to a company by customers for goods or services delivered but not yet paid for.