NCERT · Class 10 · Social Science · History: The Making of a Global WorldWhich two international financial institutions established at the United Nations Monetary and Financial Conference in 1944 are known as the 'Bretton Woods twins'?
The correct option is C. The International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (popularly known as the World Bank) were established at the Bretton Woods conference in July 1944 to preserve economic stability and full employment in the post-war industrial world. Hence, they are known as the Bretton Woods twins.
Incorrect choice. This distractor represents a common misunderstanding of the core principles of History: The Making of a Global World.
Incorrect choice. This distractor represents a common misunderstanding of the core principles of History: The Making of a Global World.
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Incorrect choice. This distractor represents a common misunderstanding of the core principles of History: The Making of a Global World.