IMF and World Bank Quiz

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What was the main goal of the Bretton Woods System?

Encourage competitive currency devaluations

Isolate countries from global financial institutions

Increase international trade barriers

Promote economic interdependence and prosperity (correct)

Who were the primary designers of the Bretton Woods System?

John Maynard Keynes and Harry Dexter White (correct)

Friedrich Hayek and Milton Friedman

Joseph Stiglitz and Paul Krugman

Adam Smith and Karl Marx

What role did the Federal Reserve play in the Bretton Woods System?

Opposed the establishment of global financial institutions

Controlled all decision-making processes

Implemented strict trade barriers

Offered advice and counsel on the new system (correct)

What was one of the key objectives of the Bretton Woods System regarding exchange rates?

Ensuring stability Signup and view all the answers

In what year was the Bretton Woods System inaugurated?

1944 Signup and view all the answers

What did the participants at Bretton Woods agree to establish?

Two new institutions Signup and view all the answers

Which department in the United States held the principal responsibility for international economic policy?

The Treasury Department Signup and view all the answers

What was the primary goal of the international monetary system envisioned at Bretton Woods?

Prevent competitive devaluations Signup and view all the answers

What characterized the preparation for the conference at Bretton Woods?

An enormous international undertaking involving financial experts Signup and view all the answers

What differentiated the plans to implement the goals of the new system at Bretton Woods?

They differed among participants Signup and view all the answers

IMF and World Bank Quiz

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Questions and Answers

What was the main goal of the Bretton Woods System?

Who were the primary designers of the Bretton Woods System?

What role did the Federal Reserve play in the Bretton Woods System?

What was one of the key objectives of the Bretton Woods System regarding exchange rates?

In what year was the Bretton Woods System inaugurated?

What did the participants at Bretton Woods agree to establish?

Which department in the United States held the principal responsibility for international economic policy?

What was the primary goal of the international monetary system envisioned at Bretton Woods?

What characterized the preparation for the conference at Bretton Woods?

What differentiated the plans to implement the goals of the new system at Bretton Woods?

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