The Purpose of the General Agreement on Tariffs and Trade

question 25

Multiple Choice

The purpose of the General Agreement on Tariffs and Trade (GATT) was to ________.

• A) create an international currency
• B) regulate exchange rates
• C) create regional trade organizations
• D) promote free trade

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Definitions:

Market Price

The current price at which an asset or service can be bought or sold in a open market.

Rights Offering

A method by which a company raises capital by giving existing shareholders the right to purchase additional shares at a discount to the market price.

Market Price

The immediate price point at which you can transact a service or asset in the open market.

Outstanding Shares

The total shares of stock that are owned by shareholders, including restricted shares.