alleryStart learning →What is the G20?
AA group of 19 countries plus the European Union
BA group of the 20 poorest economies in the world
CA group of 20 central banks that set exchange rates
DA group of 20 firms with the largest world revenues
Answer & Solution
Correct answer: A. A group of 19 countries plus the European Union
1. The G20 is an informal group rather than a formal treaty organization.
2. It brings together 19 countries and the European Union.
3. Together these are described as the 20 leading economies in the world.
4. It is not a group of the poorest economies, of central banks or of companies.
_Source: OpenStax Introduction to Business (CC BY 4.0), Ch 3 "Competing in the Global Marketplace", section 3.2 Why Nations Trade_
Keep practising Competing in the Global Marketplace
Browse all Competing in the Global Marketplace questions for BBA International Business, or explore more International Business topics.
Related questions
How many Sustainable Development Goals did the United Nations member nations adopt in 2015What defines a multinational corporation?How is Gross National Income defined?What is infrastructure?Why does business slow down in Muslim countries during Ramadan?What is nationalism?What is countertrade?What is direct foreign investment?