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Choose that given statement is true/false:

The IMF and World Bank are referred to as the Bretton Woods Twins.

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Detailed Solution

The above statement is true.
The IMF and World Bank are referred to as the Bretton Woods Twins. The Bretton woods system was an agreement in 1944 for the global monetary system. The Bretton Woods agreement’s main objective was to establish a system to resolve the battle between domestic autonomy and international stability. This agreement featured two big powers of the world, the United States and Britain. This agreement also gave birth to two premier institutions: the International Monetary Fund and The World Bank also referred to as the Bretton Woods Twins. The World Trade Organisation is also a result of the Bretton Woods agreement.

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Choose that given statement is true/false:The IMF and World Bank are referred to as the Bretton Woods Twins.