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Q.

Choose given statement is true/false:


The aim of the post-Second World War international economic system was to preserve economic stability and ensure full employment.


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a

True

b

False 

answer is A.

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Detailed Solution

The above statement is True.
The post-Second World War international economic system aimed to preserve economic stability and ensure full employment. The post-Second World War period faced problems of economic instability. The International Monetary Fund (IMF) and the World Bank aimed at economic stability and ensuring full employment worldwide. They helped the post-war recovery by providing financial operations and guidance to cope with the economic problems. The post-war economic system is termed the Bretton Woods system.
 
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