The Bretton Woods conference sought to do which of the following?
A) end the gold standard
B) create the International Monetary Fund
C) terminate the International Bank for Reconstruction and Development
D) provide no-interest capital loans to emerging economies around the world

Question

Quizplus · Accepted Answer

The Bretton Woods conference was held in 1944 and aimed to establish a new international monetary system that would promote economic growth and stability. The conference resulted in the creation of the International Monetary Fund (IMF), which would provide loans to member countries facing balance of payment difficulties. The gold standard was not ended at the conference, but rather the IMF established a new system where currencies were pegged to the US dollar, which in turn was pegged to gold. The International Bank for Reconstruction and Development (IBRD), commonly known as the World Bank, was also established at the conference to finance post-war reconstruction and economic development projects. No-interest capital loans to emerging economies were not discussed or established at the Bretton Woods conference.

The Bretton Woods Conference Sought to Do Which of the Following