Which of the following was originally created to regulate fixed exchange rates and enforce the rules of the International monetary system?
A) International Monetary Fund
B) World Trade Organization
C) European Union
D) World Bank

Question

Quizplus · Accepted Answer

The International Monetary Fund (IMF) was originally created to regulate fixed exchange rates and enforce the rules of the international monetary system. It was established in 1944 alongside the World Bank at the Bretton Woods Conference. The IMF's main objective is to promote international monetary cooperation, facilitate international trade, and promote exchange rate stability. While the World Trade Organization (WTO) deals with international trade regulations and the European Union (EU) is a political and economic union of European countries, neither of these organizations were originally created specifically to regulate fixed exchange rates and enforce the rules of the international monetary system.

Which of the Following Was Originally Created to Regulate Fixed