9
AssignmentMultiple Choice

International Trade, GATT and the WTO

Question 9 • DRHS Legal Environment of Business (06.41500) GA

What organization did not result from the 1944 Bretton Woods negotiations?

Answer
A
the International Bank for Reconstruction and Development (IBRD)
B
the International Monetary Fund (IMF)
C
the World Bank
D
the International Trade Organization (ITO)

Explanation

The Bretton Woods negotiations established the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD). The IBRD became the core of what is commonly called the World Bank. The proposed International Trade Organization (ITO) did not result from the negotiations; it was never established.

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