Which statement is true?
A)A country like Japan would go to the World Bank to borrow currency to stabilize the yen.
B)The WTO has a Dispute Settlement Body to handle trade disagreements among member nations.
C)GATT was established at the end of the Great Depression.
D)The IMF was set up to aid developing countries build infrastructure.

Question

Quizplus · Accepted Answer

The World Trade Organization (WTO) does have a Dispute Settlement Body to resolve trade disagreements between member nations. Option A is incorrect because the World Bank is primarily focused on providing loans for development projects, not currency stabilization. Option C is incorrect because the General Agreement on Tariffs and Trade (GATT) was established after World War II, not during the Great Depression. Option D is incorrect as the International Monetary Fund (IMF) was created to provide financial assistance to countries facing balance of payments crisis, not just developing countries.

Which Statement Is True