Which of the following countries have officially set up a payment channel with Iran called INSTEX?
Correct answer: C. Germany, France and the UK
- A. Italy, Russia and the Netherlands
- B. Brazil, South Africa and Egypt
- C. Germany, France and the UK
- D. Saudi Arabia, Denmark and Japan
Explanation
INSTEX was established by Germany, France and the United Kingdom to facilitate limited non-dollar trade with Iran despite renewed US sanctions. Italy and the Netherlands later supported the mechanism but were not its founding members.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
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.
Practise Global Economy
448 free Global Economy MCQs from International Current Affairs, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask International Current Affairs questions like this
International Current Affairs is on this paper prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for it.
More Global Economy questions
Which of the following Countries have launched a common digital currency"Aber"?
The Africa Centre for Climate and Sustainable Development has recently launched in which of the following countries?
Which Muslim Country has launched the first satellite for communications on 05 February 2019?
Which international organization has prepared the first-ever global report "Future of the Rail"?
Which Information Technology company is going to invest $300 Million in Local Journalism for promoting local news?
Recently How many European Countries have set up a Payment channel with Iran called INSTEX?