Which two financial institutions were created in the Bretton Woods system?

Which two financial institutions were created in the Bretton Woods system?

• A. IBRD (World Bank) and IMF
• B. IBRD and WTO
• C. IMF and GATT
• D. World Bank and WTO

Answer: (A)

At Bretton Woods, two institutions were created to shape the postwar financial order: the International Monetary Fund, designed to promote monetary cooperation and stabilize exchange rates, and the International Bank for Reconstruction and Development, established to fund reconstruction after World War II and support development (later known as the World Bank). The other options mix in organizations that didn’t originate at Bretton Woods—the World Trade Organization didn’t exist yet and would come from later trade frameworks like GATT, which was separate from the Bretton Woods financial setup. So the combination of IMF and the IBRD (World Bank) is the correct pairing.

At Bretton Woods, two institutions were created to shape the postwar financial order: the International Monetary Fund, designed to promote monetary cooperation and stabilize exchange rates, and the International Bank for Reconstruction and Development, established to fund reconstruction after World War II and support development (later known as the World Bank). The other options mix in organizations that didn’t originate at Bretton Woods—the World Trade Organization didn’t exist yet and would come from later trade frameworks like GATT, which was separate from the Bretton Woods financial setup. So the combination of IMF and the IBRD (World Bank) is the correct pairing.