Author Question: Membership in the World Bank requires membership in the International Monetary Fund. Indicate ... (Read 90 times)

LCritchfi · **on:** Jun 29, 2018

Membership in the World Bank requires membership in the International Monetary Fund.

Indicate whether the statement is true or false

Question 2

The European Commission, in charge of anti-dumping regulation in the European Union, requires a vote of the Council of Ministers for action against dumping activity and other unfair trade practices.

Indicate whether the statement is true or false

bimper21 · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

T
Both the International Monetary Fund (IMF) and the World Bank are specialized agencies of the United Nations; membership in the World Bank requires membership in the IMF.

Answer to Question 2

T
In the U.S., the Department of Commerce examines dumping accusations. In Europe, the European Commission examines dumping cases. It requires a vote of the Council of Ministers for action against dumping activity and other unfair trade practices.