The Bretton Woods agreement set up the ________,which currently provides long-term loans to assist developing countries to build dams,roads,and other physical capital that contributes to economic development.

Question

Quizplus · Accepted Answer

The World Bank was established under the Bretton Woods agreement and provides long-term loans for development projects in developing countries. The International Monetary Fund (A) focuses on short-term loans for economic stabilization and balance of payments support. The Central Settlements Bank (C) and Bank of International Settlements (D) are not directly related to development lending. The European Exchange Rate Mechanism (E) is a system for maintaining exchange rate stability within Europe.

The Bretton Woods Agreement Set Up the ________,Which Currently Provides