Question

part 3 matching directions in the answers column indicate which international trade organization or agreement is best described by each statement. a. world trade organization (wto) c. north american free trade agreement (nafta) b. world bank d. international monetary fund (imf) answers 16. maintains a system of world trade and exchange rates 17. created after world war ii to provide loans for rebuilding 18. settles trade disputes and enforces free - trade agreements between member countries 19. key function is to provide economic aid to less - developed countries 20. does away with tariffs on goods traded among the member countries part 4 activities 21. the currency exchange rate changes constantly based on factors such as a country’s balance of payments, economic conditions, and political stability. figure 3 - 4 shows the values of currencies in several countries in relation to the u.s. dollar (usd). visit the website for the universal currency converter at http://www.xe.com/currencyconverter/ and check the value of those currencies today. fill in the blanks to indicate each currency’s units per usd and value in usd. compare your findings with the values provided in figure 3 - 4, and place a check mark in the appropriate blank to indicate whether the value of

Explanation:

1. The International Monetary Fund (IMF) aims to promote international monetary cooperation and maintain a system of world trade and exchange - rates.
2. The World Bank was created after World War II to provide loans for reconstruction and development.
3. The World Trade Organization (WTO) settles trade disputes and enforces free - trade agreements among member countries.
4. One of the main functions of the World Bank is to provide economic aid to less - developed countries.
5. The North American Free Trade Agreement (NAFTA) aimed to eliminate tariffs on goods traded among the member countries (Canada, the US, and Mexico).

Answer:

1. D. International Monetary Fund (IMF)
2. B. World Bank
3. A. World Trade Organization (WTO)
4. B. World Bank
5. C. North American Free Trade Agreement (NAFTA)