2.2 Multiple choice questions

Now test your understanding of what this section has covered so far.

The following multiple choice questions should take approximately 10 minutes to complete.

Question 5

What was the name of the Agreement that laid the foundations for the creation of the WTO, the IMF and the World Bank Group?

  • (a) The Bretton Woods Agreement (1944)

  • (b) The Potsdam Agreement (1945)

  • (c) The Dayton Agreement (1995)

  • (d) The Luxembourg Agreement (2003)

Answer

The name of the Agreement that laid the foundations for the creation of the WTO, the IMF and the World Bank Group was:

  • (a) The Bretton Woods Agreement (1944)

Question 6

What was the desire behind the Bretton Woods Agreement?

  • (a) A desire to put an end to the Second World War

  • (b) A desire to eradicate the causes that led to the Second World War

  • (c) A desire for creating a system of fluctuating currencies

  • (d) A desire for the abolition of different currencies

Answer

The desire behind the Bretton Woods Agreement was:

  • (b) A desire to eradicate the causes that led to the Second World War

Question 7

What was the ultimate goal of the Bretton Woods Agreement?

  • (a) The creation of a global alliance of States

  • (b) The creation of an economic trade block

  • (c) The creation of a new world economic order

  • (d) The creation of a military alliance

Answer

The ultimate goal of the Bretton Woods Agreement was:

  • (c) The creation of a new world economic order

2. The Bretton Woods Agreement

3. The Three Regulatory Pillars of the World Economic Order