Economics · International Financial Institutions
Consider the following statements regarding the historical foundations of the Bretton Woods system and the leadership of its institutions: A. At the 1944 Bretton Woods Conference, John Maynard Keynes proposed the creation of an International Clearing Union and a supranational currency called 'Bancor'. B. Ajay Banga, who assumed the presidency of the World Bank Group in 2023, is the first person of Indian origin to lead the institution. Which of the above statements is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither A nor B
- 2Both A and B✓
- 3B only
- 4A only
Correct answer
Both A and B
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