The talks at Bretton Woods in 1944 were the basis for establishment of the international Blank______ system.Multiple choice question.taxtradingmonetaryfinance
Question
The talks at Bretton Woods in 1944 were the basis for establishment of the international Blank______ system.
Multiple choice question.
- tax
- trading
- monetary
- finance
Solution
Understanding the Question
The question refers to the Bretton Woods Conference that took place in 1944, which established key financial structures for the post-World War II economy.
Relevant Concepts
At this conference, the primary goal was to create a new framework for international monetary relations. It led to the establishment of the International Monetary Fund (IMF) and the World Bank.
Multiple-Choice Options Analysis
- Tax: This does not fit as the focus was not on taxation systems.
- Trading: While trade was a topic of discussion, the foundational outcome was not specifically about trading systems.
- Monetary: This is directly relevant, as the conference focused on creating a stable international monetary system.
- Finance: While finance was discussed, it does not specifically describe the overarching system established.
Conclusion
The correct answer is "monetary," as the Bretton Woods Conference specifically established an international monetary system.
Final Answer
monetary
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