Question:
With which of the following was the Bretton
Woods System NOT associated
With which of the following was the Bretton
Woods System NOT associated
Options:
- International Monetary Fund
- Economic recovery after the Second World War
- International Bank for Reconstruction and Development
- Establishment of a monetary system based on floating exchange rate
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- International Monetary Fund
- Economic recovery after the Second World War
- International Bank for Reconstruction and Development
- Establishment of a monetary system based on floating exchange rate
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Correct Answer: Establishment of a monetary system based on floating exchange rate
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Explanation:
The Bretton Woods System (1944) created the IMF and the World Bank (IBRD), aiming at post-war economic recovery and stability. It introduced a fixed exchange rate system linked to the US dollar and gold, not a floating exchange rate, which came much later.
The Bretton Woods System (1944) created the IMF and the World Bank (IBRD), aiming at post-war economic recovery and stability. It introduced a fixed exchange rate system linked to the US dollar and gold, not a floating exchange rate, which came much later.