What do the following letters stand for? (Write each answer in the space provided.)
ECB
CPI
WTO
- Leaving Cert Economics - Question 6 - 2015
Question 6
What do the following letters stand for? (Write each answer in the space provided.)
ECB
CPI
WTO
Worked Solution & Example Answer:What do the following letters stand for? (Write each answer in the space provided.)
ECB
CPI
WTO
- Leaving Cert Economics - Question 6 - 2015
Step 1
ECB
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Answer
ECB stands for European Central Bank. It is the central bank for the euro and is responsible for monetary policy within the Eurozone.
Step 2
CPI
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104 rated
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Answer
CPI stands for Consumer Price Index. This index measures the average change over time in the prices paid by consumers for a basket of goods and services.
Step 3
WTO
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101 rated
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Answer
WTO stands for World Trade Organisation. It is an intergovernmental organization that regulates international trade and ensures that trade flows as smoothly, predictably, and freely as possible.
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