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Question
Bretton Woods conference established two financial institutions ____ and ____ to help recover the economy after the Second World War.
Bretton Woods conference established two financial institutions ____ and ____ to help recover the economy after the Second World War.
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Solution
The correct option is D International Monetary Fund
The Bretton Woods conference established two financial institutions to oversee the post-war reconstruction. The International Monetary Fund or the IMF was to deal with external surpluses and deficits of its member nations. The International Bank for Reconstruction and Development, commonly known as the World Bank, was to finance the post-war reconstruction.
The Bretton Woods conference established two financial institutions to oversee the post-war reconstruction. The International Monetary Fund or the IMF was to deal with external surpluses and deficits of its member nations. The International Bank for Reconstruction and Development, commonly known as the World Bank, was to finance the post-war reconstruction.
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