The Bretton Woods conference of 1944 led to the creation of which two institutions?

The United Nations and the World Health OrganizationCorrect answerYour answerThe World Trade Organization and the International Labour OrganizationCorrect answerYour answerThe International Monetary Fund and the World BankCorrect answerYour answerThe Asian Development Bank and the International Monetary FundCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer C

Correct answer: C

The conference created the International Monetary Fund and the International Bank for Reconstruction and Development, which became the World Bank.
A third body, an international trade organisation, was proposed but never came into being.
Trade was instead handled by the GATT until the WTO was founded fifty years later.

Worth noting

This is why the IMF and the World Bank are called the Bretton Woods twins and the WTO is not one of them.

Concept: What the Bretton Woods conference created
Typical timeTypical: 30 s
Your timeYours: —

The rule this testsInternational economic bodies

Practise this chapter →

Ten questions from Indian Economy & Institutions, at your own pace.

The Bretton Woods conference of 1944 led to the creation of which two institutions?

Explanation