Which of the following was the initial mission of the World Bank?
A)Maintaining order in the international monetary system
B)Financing the building of Europe's economy by providing low-interest loans
C)Taking over as the successor to the International Monetary Fund
D)Reviving the gold standard system
E)Enforcement of the floating exchange rate system

Question

Quizplus · Accepted Answer

When the Bretton Woods participants established the World Bank, the need to reconstruct the war-torn economies of Europe was foremost in their minds. The bank's initial mission was to help finance the building of Europe's economy by providing low-interest loans.

Which of the Following Was the Initial Mission of the World