The General Agreement on Trade in Services (GATS) initially ...

[bucstennis@aim.com]

The General Agreement on Trade in Services (GATS) initially covered which industry?
 a. Retailing c. Banking
  b. Franchising d. Manufacturing

Question 2

Which type of currency is accepted for payment by any international seller?
 a. Hard currency c. Pegged currency
  b. Soft currency d. Swing credits

[Mollythedog]

Answer to Question 1

C
Although retailing and franchising are service industries, the GATS initially covered banking, securities, and insurance. Manufacturing is not a service industry. This may be found in the International Trade and Development Organizations section (3-3b).

Answer to Question 2

A
Hard currency is currency that is accepted for payment by any international seller. Soft currency is currency that is kept at a high artificial exchange rate and is controlled by the national government.

[bucstennis@aim.com]

Thanks for the timely response, appreciate it

[bblaney]

Excellent