World Currencies, Countries and Organizations
What is OPEC known for?
- A. A forum of major economies, including both developed and developing countries, that discusses global economic issues
- B. A political and economic union of European countries, many of which share a common currency, the euro
- C. The Organization of the Petroleum Exporting Countries, an intergovernmental organization that coordinates petroleum policy among member nations ✓
- D. A landlocked South Asian country whose capital is Kathmandu and whose currency is the Nepalese rupee
Correct answer
C. The Organization of the Petroleum Exporting Countries, an intergovernmental organization that coordinates petroleum policy among member nations
Explanation
'OPEC' refers to the Organization of the Petroleum Exporting Countries, an intergovernmental organization that coordinates petroleum policy among member nations.