GATT Treaty 1994 Revision

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Questions and Answers

What was the initial purpose of the World Bank?

  • Regulating fixed exchange rates
  • Providing financing for developing countries
  • Enforcing international trade rules
  • Financing European reconstruction (correct)

Which institution focuses on providing financing for national economic development efforts?

  • International Monetary Fund
  • World Trade Organization
  • World Bank (correct)
  • United Nations

What does the International Monetary Fund (IMF) regulate?

  • International trade agreements
  • Global economic development projects
  • Aid distribution to developing countries
  • Fixed exchange rates (correct)

Where does the World Bank focus its financial efforts today?

<p>Africa, South America, and Southeast Asia (B)</p> Signup and view all the answers

What are the stated purposes of the International Monetary Fund (IMF)?

<p>Avoiding competitive exchange devaluation (D)</p> Signup and view all the answers

Which institution enforces the rules of the international monetary system?

<p>International Monetary Fund (D)</p> Signup and view all the answers

In what regions does the World Bank primarily finance economic development projects today?

<p>Africa, South America, and Southeast Asia (C)</p> Signup and view all the answers

Which institution was initially created to finance European reconstruction after the Second World War?

<p>World Bank (A)</p> Signup and view all the answers

What is the primary focus of the International Monetary Fund (IMF) in the international monetary system?

<p>Regulating fixed exchange rates (A)</p> Signup and view all the answers

Which region receives the least focus from the World Bank in terms of financing economic development projects today?

<p>Europe (C)</p> Signup and view all the answers

What is one of the goals of the International Monetary Fund (IMF) in relation to international monetary cooperation?

<p>Facilitating balanced growth of international trade (B)</p> Signup and view all the answers

Which organization plays a significant role in fostering globalization by financing economic development projects worldwide?

<p>World Bank (B)</p> Signup and view all the answers

What is NOT a primary focus of the International Monetary Fund (IMF) as part of its stated purposes?

<p>Financing European reconstruction (B)</p> Signup and view all the answers

Which institution is known for providing financial resources for national economic development efforts in developing countries?

<p>World Bank (D)</p> Signup and view all the answers

In what area does the World Bank primarily finance economic development projects today?

<p>Southeast Asia (B)</p> Signup and view all the answers

Which institution is responsible for enforcing fixed exchange rates and promoting international monetary cooperation?

<p>International Monetary Fund (IMF) (C)</p> Signup and view all the answers

What is one of the key roles played by the World Bank in fostering globalization through its activities?

<p>Providing financing for national economic development efforts (A)</p> Signup and view all the answers

Which institution was established to finance economic development projects for developing countries, with a shift from its initial focus on European reconstruction?

<p>The World Bank (C)</p> Signup and view all the answers

What is one of the key roles of the International Monetary Fund (IMF) in the international monetary system?

<p>Facilitating balanced growth of international trade (C)</p> Signup and view all the answers

Where does the World Bank primarily focus its financial resources today for economic development projects?

<p>Asia, Africa, and South America (D)</p> Signup and view all the answers

Which of the following is a stated purpose of the World Bank?

<p>Facilitating expansion of international trade (C)</p> Signup and view all the answers

What was the initial focus of the International Monetary Fund (IMF) in terms of exchange rates?

<p>Enforcing fixed exchange rates (D)</p> Signup and view all the answers

Which institution provides financing primarily for national economic development efforts in developing countries?

<p>The World Bank (A)</p> Signup and view all the answers

What is NOT a stated purpose of the International Monetary Fund (IMF)?

<p>Regulating fiscal policy in member countries (B)</p> Signup and view all the answers

Which region receives significant financial assistance from the World Bank for economic development projects currently?

<p>Africa, South America, and Southeast Asia (A)</p> Signup and view all the answers

What does the International Monetary Fund (IMF) temporarily make available to its members?

<p>Financial resources (D)</p> Signup and view all the answers

What is a primary focus area of the World Bank's financing efforts for economic development projects today?

<p>Irrigation and agriculture projects (B)</p> Signup and view all the answers

What was the primary reason for the establishment of the World Bank initially?

<p>To provide financing for European reconstruction after WWII (C)</p> Signup and view all the answers

Which institution shifted its focus from European reconstruction to financing economic development projects in Africa, South America, and Southeast Asia?

<p>World Bank (C)</p> Signup and view all the answers

What is one of the primary objectives of the International Monetary Fund (IMF) regarding international monetary cooperation?

<p>Promoting international monetary stability (C)</p> Signup and view all the answers

Which institution plays a significant role in enforcing fixed exchange rates within the international monetary system?

<p>International Monetary Fund (IMF) (D)</p> Signup and view all the answers

Where does the World Bank currently focus its financial resources for economic development projects?

<p>Africa, South America, and Southeast Asia (C)</p> Signup and view all the answers

What is one of the key roles played by the World Bank in fostering globalization through its activities today?

<p>Facilitating balanced growth of global economies (C)</p> Signup and view all the answers

Which region currently receives significant financial assistance from the World Bank for economic development projects?

<p>Latin America (A)</p> Signup and view all the answers

What is one of the goals of the International Monetary Fund (IMF) in relation to financial resources availability?

<p>Temporarily making financial resources available to members (C)</p> Signup and view all the answers

What is a significant focus area for the World Bank's financing efforts in terms of economic development projects today?

<p>Renewable energy initiatives (B)</p> Signup and view all the answers

Which institution primarily works towards facilitating the expansion and balanced growth of international trade?

<p>World Trade Organization (WTO) (A)</p> Signup and view all the answers

What is one of the main roles of the World Bank in fostering globalization?

<p>Providing financing primarily for national economic development efforts in developing countries (A)</p> Signup and view all the answers

Which institution was created with a focus on regulating fixed exchange rates and enforcing international monetary rules?

<p>International Monetary Fund (IMF) (B)</p> Signup and view all the answers

What was the initial purpose of the International Monetary Fund (IMF)?

<p>Regulating fixed exchange rates globally (D)</p> Signup and view all the answers

Which region currently receives significant financial assistance from the World Bank for economic development projects?

<p>Africa (D)</p> Signup and view all the answers

What is one of the key objectives of the International Monetary Fund (IMF) concerning competitive exchange devaluation?

<p>Avoiding competitive exchange devaluation (A)</p> Signup and view all the answers

Which statement best describes the primary mission of the World Bank?

<p>To provide financing for national economic development projects in developing nations (A)</p> Signup and view all the answers

What is one of the main focuses of the International Monetary Fund (IMF) in relation to financial resources?

<p>Making financial resources available to members temporarily (D)</p> Signup and view all the answers

Which institution primarily works towards facilitating the expansion and balanced growth of international trade?

<p>International Monetary Fund (IMF) (A)</p> Signup and view all the answers

What does the World Bank finance primarily today for economic development projects?

<p>Economic development projects in Africa, South America, and Southeast Asia (B)</p> Signup and view all the answers

What is one of the stated purposes of the World Bank?

<p>Providing financing for national economic development efforts (D)</p> Signup and view all the answers

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