Question

Can anyone answer the question and explain thx alot

21) Which of the following was created in an effort to promote free trade? A) World Trade Organization B) the Sarbanes-Oxley Act C) the Organization for Economic Cooperation and Development D) multilateral development banks 22) Which type of bond is denominated in one or more currencies but is traded in external markets outside the borders of the countries issuing the currencies? A) Eurobond B) domestic bond C) international bond D) foreign bond 23) When parity conditions are not in effect in currency and money markets, traders could make extraordinary profits from a practice known as _ A) covered interest rate parity B) forward market arbitrage C) covered interest rate arbitrage D) triangular arbitrage provide 24) If market efficiency is identified with parity, currency markets that are no opportunities for currency traders to earn profits. A) in parity B) not in parity C) in purchasing power parity D) in interest rate parity only 25) In which one of the following systems would it be least difficult to quantify the currency risk? A) pegged exchange rate system B) currency board C) target zone system D) floating exchange system

Answer 1

The answer is World Trade Organization (WTO) The World Trade Organization (WTO) is an intergovernmental organization that is concerned with the regulation of international trade between nations. The World Trade Organization (WTO) is an international body whose purpose is to promote free trade by persuading countries to abolish import tariffs and other barriers. It polices free trade agreements, settles trade disputes between governments and organizes trade negotiations. The Sarbanes-Oxley Act of 2002 is a federal law that established sweeping auditing and financial regulations for public companies. Lawmakers created the legislation to help protect shareholders, employees and the public from accounting errors and fraudulent financial practices. The Organization for Economic Cooperation and Development (OECD) is a unique forum where the governments of 36 member states with market economies work with each other, as well as with more than 70 non-member economies to promote economic growth, prosperity, and sustainable development A multilateral development bank (MDB) is an international financial institution chartered by two or more countries for the purpose of encouraging economic development in poorer nations.