The Organization Created to Oversee the Provisions of Multilateral Trade

question 189

Multiple Choice

The organization created to oversee the provisions of multilateral trade agreements, resolve disputes under the international trade rules, and meet periodically to consider further trade liberalization is called the

• A)International Monetary Fund (IMF).
• B)World Trade Organization (WTO).
• C)Common Market Organization (CMO).
• D)International Trade Commission (ITC).

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Definitions:

Origination Fee

This fee is money paid to the lending institution for the paperwork involved in the loan application process.

Prepaid Interest

Interest payments made in advance of their due date, typically associated with the initial costs of obtaining a mortgage.

Recurring Cost

Expenses that occur at regular intervals, such as monthly rent or annual subscriptions.

Back-end Ratio

The back-end ratio measures a person's total debt payments as a percentage of their income, commonly used by lenders to assess borrowing capacity.