The Bretton Woods agreement created the ________,which was given the task of promoting the growth of world trade by setting rules for the maintenance of fixed exchange rates and by making loans to countries that were experiencing balance of payments difficulties.

Question

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The International Monetary Fund (IMF) was created through the Bretton Woods agreement to promote world trade by setting rules for maintaining fixed exchange rates and by offering loans to countries experiencing balance of payments difficulties. The World Bank was also established at the same time but had a different role of providing loans and assistance to developing countries. The Central Settlements Bank and Bank of International Settlements are not directly related to the Bretton Woods agreement.

The Bretton Woods Agreement Created the ________,Which Was Given the Task