All of the Following Are Responsible for the Removal of the Formal

question 77

Multiple Choice

All of the following are responsible for the removal of the formal trade barriers except

• A)the General Agreement on Tariffs and Trade (GATT).
• B)the World Trade Organization (WTO).
• C)regional trade agreements such as NAFTA.
• D)the World Bank and the IMF.

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Definitions:

Compounded Monthly

Describes the process where interest is calculated and added to the principal amount of an investment or loan on a monthly basis.

Compounded Semi-annually

Refers to the process where interest is calculated and added to the principal sum of a deposit or loan twice a year.

Compounded Monthly

A method of calculating interest where the accrued interest is added to the principal sum each month, so that each successive calculation includes interest on the interest.

RRSP

A Registered Retirement Savings Plan, which is a retirement savings and investing tool for employees and the self-employed in Canada.