The Bretton Woods conference created two major international institutions.These are
A)the International Monetary Fund and the World Bank.
B)the World Trade Organization and the United Nations.
C)the World Currency Exchange and the World Bank.
D)the Bretton Woods Monetary Fund and the World Trade Organization.
E)the European Bank of Reconstruction and Development and the World Trade Organization

Question

Quizplus · Accepted Answer

The Bretton Woods conference in July 1944 established the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development, now known as the World Bank. These institutions were created to promote stability in the international financial system and provide financing for developing countries. Option B is incorrect because the World Trade Organization was established in 1995, long after Bretton Woods. Option C and D are incorrect because there was no institution called the "World Currency Exchange" or "Bretton Woods Monetary Fund." Option E is incorrect because the European Bank of Reconstruction and Development is a separate institution established in 1991.

The Bretton Woods Conference Created Two Major International Institutions