The organization formed at the end of World War II at Bretton Woods to manage the system of fixed exchange rates was the
A)World Trade Organization (WTO).
B)International Monetary Fund (IMF).
C)World Bank.
D)International Bank for Reconstruction and Development.
E)Liberal International Economic Order (LIEO).

Question

Quizplus · Accepted Answer

The International Monetary Fund (IMF) was formed at Bretton Woods at the end of World War II to manage the system of fixed exchange rates. The World Trade Organization (WTO) was formed in 1995 to promote free trade and reduce barriers to trade among member countries. The World Bank and International Bank for Reconstruction and Development are both institutions that provide loans and assistance for development projects, but they were not formed specifically to manage the system of fixed exchange rates. The Liberal International Economic Order (LIEO) is a concept and not an official organization.

The Organization Formed at the End of World War II