What were the three organizations envisioned by the negotiators at the United Nations Monetary and Financial Conference in Bretton Woods, New Hampshire in 1944?
Correct answer: C. International Monetary Fund (IMF), International Bank for Reconstruction and Development (World Bank), and the International Trade Organization
- A. International Monetary Fund (IMF), European Central Bank (ECB), and the World Trade Organization (WTO)
- B. International Monetary Fund (IMF), International Bank for Reconstruction and Development (World Bank), and the World Trade Organization (WTO)
- C. International Monetary Fund (IMF), International Bank for Reconstruction and Development (World Bank), and the International Trade Organization
- D. International Monetary Fund (IMF), International Bank for Reconstruction and Development (World Bank), and the Bank for International Settlements (BIS)
Explanation
The Bretton Woods planners envisioned the IMF, the World Bank’s IBRD, and an International Trade Organization to regulate global trade. The ITO was never established, and the later GATT system eventually preceded the WTO.
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