Question

Where was the Bretton Woods institution situated?

• A. Africa
• B. Europe
• C. America
• D. None of these

Hint:

The Bretton Woods institutions, including the IMF and World Bank, play a key role in global economic governance. Their creation in 1944 laid the foundation for the modern international monetary system and economic cooperation.

Answer 1

The Correct Option is C

The Bretton Woods institutions refer to two key international organizations that were established at the United Nations Monetary and Financial Conference, which was held in Bretton Woods, New Hampshire, USA, in July 194
4. These institutions were created with the aim of promoting global economic stability and preventing the kinds of economic disruptions that contributed to the Great Depression and the two World Wars. The two major Bretton Woods institutions are:

1. International Monetary Fund (IMF) – Aimed at promoting global monetary cooperation, securing financial stability, facilitating international trade, and promoting economic growth.
2. World Bank – Initially set up to provide financial and technical assistance to developing countries for development projects, with the goal of reducing poverty and supporting economic development. Thus, the Bretton Woods institutions were situated in America, specifically in the town of Bretton Woods in New Hampshire, where the agreements that formed these institutions were signed. The correct answer is
America
.