The Bretton Woods Conference of 1944 established which two major international financial institutions?
AInternational Monetary Fund (IMF) and International Bank for Reconstruction and Development (World Bank)
BWorld Trade Organization (WTO) and League of Nations
CUnited Nations Development Programme (UNDP) and Asian Development Bank (ADB)
DFederal Reserve and European Central Bank
Explanation
The 1944 Bretton Woods agreement created the IMF and the IBRD (World Bank) to rebuild the post-WWII international economy.
Exam Relevance
- Topic: International Political Economy
- Subtopic: Bretton Woods
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