The World Trade Organization
A) was established to settle trade disputes within the European Union.
B) is another name for the IMF.
C) was established to resolve disputes arising under world trade rules.
D) increases world trade by providing interest rate subsidies to foreign borrowers who buy U.S. exports on credit.

Question

Quizplus · Accepted Answer

The World Trade Organization (WTO) was established in 1995 to resolve disputes arising under world trade rules and to promote free trade among member countries. Its primary goal is to ensure that trade flows smoothly, predictably, and freely as possible between countries. The WTO is not the same as the International Monetary Fund (IMF) and does not provide interest rate subsidies to foreign borrowers who buy U.S. exports on credit.