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Which international organization was established in response to the Great Depression to promote monetary cooperation and stabilize currency exchange rates?
  • a)
    World Bank
  • b)
    International Monetary Fund (IMF)
  • c)
    World Trade Organization (WTO)
  • d)
    United Nations (UN)
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Which international organization was established in response to the Gr...
The International Monetary Fund (IMF) was established in response to the Great Depression. It was created in 1944 at the Bretton Woods Conference to promote monetary cooperation, exchange rate stability, and provide financial assistance to member countries facing balance of payments problems.
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Which international organization was established in response to the Great Depression to promote monetary cooperation and stabilize currency exchange rates?a)World Bankb)International Monetary Fund (IMF)c)World Trade Organization (WTO)d)United Nations (UN)Correct answer is option 'B'. Can you explain this answer?
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