Which institution together with the International Monetary Fund is referred to as the Bretton Woods twins?

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World Trade Organisation

Organisation for Economic Co-operation and Development

International Bank for Reconstruction and Development

International Economic Organisation for Development

answer is C.

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Detailed Solution

The International Bank for Reconstruction and Development, popularly known as the World Bank, together with the International Monetary Fund (IMF), are known as the Bretton Woods twins because they were the outcomes of the Bretton Woods Conference held in July 1944 in New Hampshire, USA. The former was created to provide financial assistance to the nations devastated by the Second World War and aid their economic recovery. The IMF's responsibility was to control international monetary relations and maintain the fixed exchange rate, meaning the price of one country's money to another was centred on gold and the US dollar.

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