The World Trade Organization

question 23

Multiple Choice

The World Trade Organization

• A)mainly regulates the use of global environmental resources.
• B)guards human rights and the environmental resources of the world.
• C)is widely recognized as the leader of global trade regulation.
• D)has steadily lost the power to regulate international trade.

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Definitions:

Annual Interest Rate

The percentage increase in money owed or invested over a year, due to interest.

Amortize

The process of gradually paying off a debt or spreading the cost of an intangible asset over its useful life for accounting and tax purposes.

Equal End-of-Year

A term referring to payments or allocations that are made uniformly at the end of each year.

Effective Annual Rate

The effective annual rate (EAR) is the interest rate on a financial product restated from nominal terms into an annualized rate accounting for compounding over a period.