What is OPEC?
A) a block of automobile manufacturers in Europe, Japan, and North America
B) a trade group dedicated to more efficiently producing crops in the developing world
C) a body that regulates international trade agreements
D) an international organization that is made up of countries that export oil
E) a system of banks in developed world countries that regulates currencies to avoid economic crashes

Question

Quizplus · Accepted Answer

OPEC stands for the Organization of the Petroleum Exporting Countries, which is an intergovernmental organization made up of 14 countries that export oil. Its purpose is to coordinate policies among its members to ensure stable oil prices and a regular supply of petroleum to the global market.

What Is OPEC