Which among the following is referred to as the Bretton Wood twins?

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The IMF and the World Bank

The IMF and the WTO

The World Bank and the WTO

None of these

answer is A.

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Detailed Solution

The IMF and the World Bank are referred to as the Bretton Wood twins. The Bretton Woods twins are two international organisations established during the Bretton Woods Conference in 1944. Both institutions enacted and maintained the Bretton Woods system of fixed international exchange rates. The World Bank, often known as the International Bank for Reconstruction and Development (IBRD), is a multilateral international organisation. Meanwhile, the mission of the IMF was to offer global liquidity to a worldwide economy that the Second World War had decimated. In addition, the purpose of the IMF was to assist countries with their balance of payments issues.

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