Q1: Ultimately___was replaced by the___on 1st Jan 1995 A. GATS, WTOB. WTO, GATTC. GATT, WTOD. IMF, GATT AnswerAnswer C. GATT, WTO Q2: ___is the first step in the internationalization process. A. licenseB. foreign investmentC. salesD. export AnswerAnswer A. license Q3: In the foreign exchange market, the___of one country is traded for the___of another country. A….