Question

The International Monetary Fund was established in the year

• A. 1954 in the aftermath of the Great Depression of the 1940s.
• B. 1944 in the aftermath of the Great Depression of the 1930s.
• C. 1964 in the aftermath of the Great Depression of the 1950s.
• D. 1984 in the aftermath of the Great Depression of the 1970s.

Hint:

IMF and World Bank were created at Bretton Woods (1944).

Answer 1

The Correct Option is B

Concept: International financial institutions. Explanation: The IMF was established in 1944 during the Bretton Woods Conference to stabilize global financial systems after the economic turmoil of the Great Depression and World War II.