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The Bretton Woods Conference led to the establishment of :1. I.M.F.             &nbsp
Question

The Bretton Woods Conference led to the establishment of :

1. I.M.F.                          

2. I.B.R.D.

3. United Nations          

4. W.T.O.

Select the correct answer using codes given below.


A.

 1 and 2                     


B.

 1, 2 and 3


C.

  1 and 3                     


D.

 1, 2, 3 and 4

Correct option is A

The Bretton Woods Conference, officially known as the 'United Nations Monetary and Financial Conference', was a gathering of delegates from 44 nations that met from 1-22 July, 1944 in Bretton Woods, New Hampshire (USA), to agree upon a series of new rules for the post-World War II international monetary system. 

  • The two major accomplishments of the conference were the creation of the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD) or the World Bank. 

  • IMF and IBRD are also called 'Bretton Woods twins' because both are set up under the Bretton Woods Conference.

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