The IMF and the World Bank commenced financial operations in

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1923

1929

1930

1947

answer is D.

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Detailed Solution

The IMF and the World Bank commenced financial operations in 1947.
The Bretton Woods Conference founded the International Monetary Fund (IMF) to address the external surpluses and deficits of its member nations. To finance post-war reconstruction, the World Bank—formerly known as the International Bank for Reconstruction and Development—was founded. The Bretton Woods institutions, also referred to as the Bretton Woods twins are the IMF and the World Bank. The post-World War II international economic system is sometimes known as the Bretton Woods system. The World Bank and IMF started conducting financial transactions in 1947. Decision-making in these institutions is under the sway of the western industrial powers. Effectively, the United States has the power to veto important IMF and World Bank decisions.

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