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).

Question

Quizplus · Accepted Answer

The World Trade Organization (WTO) is 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. The other options mentioned in the question either do not exist or are not trade-related organizations.

An Institution That Sets Rules Governing Trade Between Its Members