In which of the following pairs of organizations is the United States the dominant power?
A) The International Monetary Fund;The World Bank
B) The World Bank;The World Trade Organization
C) The World Trade Organization;The Global Economy Assistance Fund
D) The Global Economy Assistance Fund;The International Monetary Fund

Question

Quizplus · Accepted Answer

The United States is the dominant power in both the International Monetary Fund (IMF) and the World Bank. The IMF was established in 1944 to promote international monetary cooperation and exchange rate stability, while the World Bank was created in 1945 to promote economic development and reduce poverty in developing countries. Both organizations are headquartered in Washington, D.C., and the United States is the largest contributor to their funding.

In Which of the Following Pairs of Organizations Is the United