The Bretton Woods Conference led to the creation of which two international financial institutions?

• A. League of Nations and IMF
• B. World Trade Organization and IMF
• C. Asian Development Bank and IMF
• D. International Monetary Fund and World Bank

Answer: (D)

Postwar economic stability and reconstruction were the goals of Bretton Woods, which led to two major international financial institutions. The International Monetary Fund was created to promote currency stability and provide short-term financial support to countries facing balance-of-payments problems, helping to keep exchange rates reliable. The World Bank was established to fund reconstruction after the war and, over time, to support development projects around the world. Other options don’t fit because the League of Nations was formed after World War I, the World Trade Organization was created later to oversee global trade rules, and the Asian Development Bank was established later to focus on development in Asia. So the correct pairing is the International Monetary Fund and the World Bank.