An Institution That Sets Rules Governing Trade Between Its Members

question 38

Multiple Choice

An institution that sets rules governing trade between its members through a panel of trade experts who decide on trade disputes between members and issue binding decisions is referred to as the

• A)League of Nations.
• B)World Trade Organization (WTO).
• C)Association for Commerce Equity (ACE).
• D)United Nations Board of Trade (UNBT).
• E)Global Better Business Bureau (BBB-G).

---

Definitions:

Leveraged Lease

The lessor borrows a portion of the funds needed to buy the equipment to be leased.

Lessee's Standpoint

A perspective focusing on the rights, obligations, and financial impacts on the individual or entity that leases an asset from another.

Unleveraged Lease

A lease agreement where the lessee does not increase their leverage ratio by adding debt to finance the lease.

Legal Owners

Individuals or entities that hold legal title to an asset or property.