Which body did the World Trade Organization replace?

1. The World Trade Organization replaced the old General Agreement on Tariffs and Trade. 2. That agreement had been created in 1948. 3. The World Bank and the International Monetary Fund still exist and were not replaced. 4. The G20 is an informal group of leading economies rather than a trade agreement. _Source: OpenStax Introduction to Business (CC BY 4.0), Ch 3 "Competing in the Global Marketplace", section 3.4 Fostering Global Trade_