Who is responsible for policing the world trading system?
A) International Monetary Fund
B) The World Bank
C) The World Trade Organization
D) Canada's Export Development Corporation
E) Bank of Canada

Question

Quizplus · Accepted Answer

The World Trade Organization (WTO) is responsible for policing the world trading system. It is an intergovernmental organization that regulates international trade and sets the rules for global commerce. Its primary function is to ensure that trade flows as smoothly, predictably, and freely as possible, and that countries abide by their trade agreements.

Other answer choices:
A) Incorrect. The International Monetary Fund (IMF) is responsible for promoting international monetary cooperation, facilitating international trade, and promoting economic growth and stability. It is not responsible for policing the world trading system.
B) Incorrect. The World Bank is responsible for providing financial and technical assistance to developing countries. It is not responsible for policing the world trading system.
D) Incorrect. Canada's Export Development Corporation is a Canadian government-owned export credit agency that provides financing, insurance, and bonding services to Canadian exporters and investors. It is not responsible for policing the world trading system.
E) Incorrect. The Bank of Canada is Canada's central bank responsible for promoting the economic and financial well-being of Canada. It is not responsible for policing the world trading system.

Who Is Responsible for Policing the World Trading System