Choose the statement as true or false.

The main aim of the post-war international economic system was to preserve economic stability.

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False

True

answer is A.

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Detailed Solution

The above statement is true.
The main goals of the postwar international economic system were to maintain economic stability and to achieve full employment in the industry. The framework was agreed upon at the United Nations Monetary and Financial Conference held in Bretton Woods, New Hampshire, the USA, in July 1944. The framework was agreed upon at the United Nations Monetary and Financial Conference held in Bretton Woods, New Hampshire, the USA, in July 1944. The Bretton Woods Conference established the IMF and the World Bank. The Bretton Woods system has led to an era of unprecedented growth in trade and income between industrialised nations in the West and Japan. Developing countries have tried to catch up with industrialised nations.

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