The Bretton Woods agreement resulted in the creation of
A)the bancor as an international reserve asset.
B)the World Bank.
C)the Exim bank.
D)the Federal Reserve Bank.

Question

Quizplus · Accepted Answer

The Bretton Woods agreement resulted in the creation of the World Bank, an international financial institution that provides loans and technical assistance to developing countries. The agreement also created the International Monetary Fund (IMF), which was tasked with maintaining exchange rate stability and promoting international economic cooperation. The bancor was initially proposed as an international reserve asset but was never adopted, while the Federal Reserve Bank and Exim bank are both entities created by the United States government and not directly related to the Bretton Woods agreement.

The Bretton Woods Agreement Resulted in the Creation of