What Is the Purpose of the General Agreement on Tariffs

question 78

Multiple Choice

What is the purpose of the General Agreement on Tariffs and Trade (GATT) ?

• A) To devalue currencies and limit cross-border movement of funds.
• B) To overcome shortages of private capital to make loans for rebuilding war-torn nations.
• C) To raise the cost of imports,making them less competitive with similar domestic goods.
• D) To expand trade by eliminating discriminatory barriers.

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Definitions:

Financial Calculation

The process of determining financial figures, often involving interest, cash flows, investments, margins, and returns analysis.

Percentage

A part or portion of a whole, expressed as a fraction of 100, used to quantify relative differences or changes.

Daily Interest

The interest amount calculated on the principal amount on a daily basis.

Exponential Notation

A mathematical way to write numbers using bases and exponents.