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OPEC stands for?

AOrganization of Petroleum Exporting Countries

BOrganization of Petroleum Exchanging Countries

COrganization of Petrol Exporting Communities

DOrganization of Petroleum Exporting Communities

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Correct Answer: A: Organization of Petroleum Exporting Countries

Explanation: The correct answer is A: Organization of Petroleum Exporting Countries. OPEC coordinates petroleum policies among member countries to ensure stable oil markets. It was founded in 1960 and has 13 member countries as of 2024.

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