RCEP stands for ______?
Correct answer: C. Regional Comprehensive Economic Partnership
- A. Regional Commerce & Economic Program
- B. Regional Comprehensive Economic Program
- C. Regional Comprehensive Economic Partnership
- D. None of theseInternational Relations
Explanation
RCEP means Regional Comprehensive Economic Partnership. It is a major Asia-Pacific free-trade agreement involving ASEAN members and their key trading partners.
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About Global Economy
Global economy covers growth, inflation, interest rates, exchange rates, public debt, trade and employment across major economies. It also includes the work of the IMF, World Bank, WTO and central banks, along with oil and commodity prices, supply-chain disruptions, sanctions, trade agreements and the economic effects of international crises.
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