Question

The Bretton Woods Agreement was established with which international institutions?

• A. World Bank and the International Monetary Fund (IMF)
• B. The United Nations and NATO
• C. The European Union and the World Trade Organisation
• D. The Multilateral Investment Guarantee Agency (MIGA)

Hint:

When studying international financial institutions, remember that the Bretton Woods Agreement laid the groundwork for the IMF and World Bank, which continue to play central roles in the global economy.

Answer 1

The Correct Option is A

The Bretton Woods Agreement was established in 1944 during a conference held in Bretton Woods, New Hampshire, USA. It led to the creation of two major international financial institutions: the World Bank and the International Monetary Fund (IMF). These institutions were designed to regulate and stabilize the global financial system and promote international trade and development.
Hence, the correct answer is World Bank and the International Monetary Fund (IMF).