The __________,Which Was Later Replaced by the WTO,was Designed to Lower

question 125

Multiple Choice

The __________,which was later replaced by the WTO,was designed to lower trade barriers.

• A) World Bank
• B) European Union
• C) GATT
• D) NAFTA
• E) IMF

---

Definitions:

Bond Issuing

The process by which a borrower (corporate or governmental) raises funds by selling bonds to investors.

Coupon Rate

The interest rate stated on a bond or other fixed-income security, determining the periodic interest payments to the bondholders.

Discount

The reduction applied to the face value of a bond or the lower than market price of an asset.

Par Value

The face value of a bond or stock as stated by the issuing company, which may differ from its market value.