The IMF and World Bank Are Called the Bretton Woods

question 3

True/False

The IMF and World Bank are called the Bretton Woods Institutions because they were both established at Bretton Woods, New Hampshire.

---

Definitions:

Committee

A permanent, formal group that performs a specific task.

Permanent

Something that is intended to exist or function for an indefinite duration without significant change.

Formal Group

An intentionally structured group created within an organization, based on specific roles, tasks, and objectives, opposite to spontaneously formed informal groups.