59.6k views
5 votes
The World Bank and the International Monetary Fund were created

as part of the ________.
A.)Jamaica Accord
B.)Louvre Accord
C.)Plaza Agreement
D.)Bretton Woods Agreement

User Joecritch
by
8.0k points

1 Answer

0 votes

Final answer:

The World Bank and the International Monetary Fund were created as a result of the Bretton Woods Agreement, which served to establish a post-World War II economic order and stabilize international monetary relationships.

Step-by-step explanation:

The World Bank and the International Monetary Fund (IMF) were created as part of the Bretton Woods Agreement. This agreement, conceived in 1944, was a system of monetary management that established rules for commercial and financial relations among the world's major industrial states after World War II. The intention was to prevent national trade barriers that could create global economic depressions and to assist in the economic recovery of nations ravaged by the war, especially in Europe. While the IMF focused on stabilizing the international economy through fixed currency exchange rates, the World Bank was charged with the reconstruction and development of member countries.

The correct answer to the question is D.) Bretton Woods Agreement.

User JeffE
by
8.1k points