The correct answer is D. Establishment of the first wholly electronic stock exchange (Nasdaq) – 1971.
The first wholly electronic stock exchange was the NASDAQ, which was established in 1971. However, the Uruguay Round of GATT was concluded in 1994, the SWIFT system of electronic interbank fund transfers worldwide was inaugurated in 1985, and the World Trade Organization was inaugurated in 1995.
The NASDAQ (National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the second-largest stock exchange in the United States by market capitalization, after the New York Stock Exchange. The NASDAQ is home to many technology companies, including Apple, Microsoft, and Amazon.
The Uruguay Round of GATT was the eighth round of multilateral trade negotiations under the General Agreement on Tariffs and Trade (GATT). The round was launched in 1986 and concluded in 1994 with the signing of the Marrakesh Agreement. The Uruguay Round resulted in significant reductions in tariffs and other trade barriers, as well as the creation of the World Trade Organization.
The SWIFT (Society for Worldwide Interbank Financial Telecommunication) is a Belgian cooperative society that provides a secure messaging system for financial institutions. SWIFT is used to send and receive messages that facilitate the transfer of money between banks.
The World Trade Organization (WTO) is an international organization that deals with the rules of trade between nations. The WTO was established in 1995 as a result of the Uruguay Round of GATT. The WTO’s mission is to help trade flow smoothly, freely, fairly, and predictably.