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

---

Definitions:

Express Warranty

A seller's promise or guarantee to a buyer that a product meets certain quality and reliability standards.

Representation

The act of speaking or acting on behalf of someone or something, often in legal, business, or political contexts.

Performance Potential

The capacity or capability of an individual or system to achieve and maintain high levels of performance, often in a specific context.

Express Warranty

An explicitly stated assurance by a seller that the goods or services offered meet certain quality or performance standards.