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BUSI 311 Questions with CORRECT Answers

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Institution BUSI 311
Module BUSI 311
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BUSI 311 Questions with CORRECT Answers

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BUSI 311 (4) Questions with CORRECT Answers


Question:
An appreciation is an increase in the value of the currency whereas a depreciation
is a loss in the value of the currency. Select one: True False
Answer:
True

Question:
The crucial principle of GATT/WTO is nondiscrimination, ensuring that countries do
not discriminate among its trading partners. Select one: True False
Answer:
True

Question:
The Euro is currently used in _____. a. all European countries b. Schengen
countries only c. all EU member countries d. 19 EU countries
Answer:
d. 19 EU countries

Question:
The GATT system is an example of a strictly bilateral trading system. Select one:
True False
Answer:
False

Question:
The WTO sets time limits for a panel, consisting of three neutral countries, to
reach a judgment for trade dispute settlements. Select one: True False
Answer:
True

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