The Bretton Woods institution designed to provide short-term loans to states facing temporary balance-of-payments difficulties is ________.

Question

Quizplus · Accepted Answer

The institution designed to provide short-term loans to states facing temporary balance-of-payments difficulties is the International Monetary Fund. Option A, the World Bank, provides long-term loans for development projects. Option C, the General Agreement on Tariffs and Trade, is an agreement for reducing trade barriers between countries, which has now been superseded by the World Trade Organization (option D). Option E, the United Nations, is an international organization focusing on global cooperation and peacekeeping efforts, but does not provide short-term loans.

The Bretton Woods Institution Designed to Provide Short-Term Loans to States