GATT was an international organization designed to provide short-term advances of foreign monies to those nations faced with trade deficits.

Question

Quizplus · Accepted Answer

GATT (General Agreement on Tariffs and Trade) was not an international organization designed to provide short-term advances of foreign monies to nations faced with trade deficits. It was a multilateral agreement aimed at reducing trade barriers and promoting free trade among its signatories.

GATT Was an International Organization Designed to Provide Short-Term Advances