Economics · International Organizations
Regarding the Organization for Economic Co-operation and Development (OECD), which of the following best describes its primary function and the nature of its 'Codes of Liberalisation'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The OECD is a sub-agency of the United Nations focused exclusively on providing humanitarian aid to war-torn regions in the Global South.
- 2The OECD acts as a central bank for Europe, issuing a common currency and setting interest rates for all its member nations.
- 3The OECD is a forum for governments to share experiences and seek solutions to common problems, and its Codes are legally binding instruments for the liberalisation of capital movements.✓
- 4The OECD is a global military alliance that mandates the standardisation of defense equipment among its member states.
Correct answer
The OECD is a forum for governments to share experiences and seek solutions to common problems, and its Codes are legally binding instruments for the liberalisation of capital movements.
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