Consider the following statements regarding International monetary fund 1 The IMF was...........

Economic Affairs World Bank and IMF

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Consider the following statements regarding International monetary fund:

1. The IMF was conceived at a UN conference in Bretton Woods.

2. There are 189 member countries of IMF.

Which of the above statement are correct?

1 only

2 only

Both

none

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Explanation:

About IMF:
The IMF, also known as the Fund, was conceived at a UN conference in Bretton Woods, New Hampshire, United States, in July 1944.
The 44 countries at that conference sought to build a framework for economic cooperation to avoid a repetition of the competitive devaluations that had contributed to the Great Depression of the 1930s.
The IMF's responsibilities: The IMF's primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries (and their citizens) to transact with each other.
The Fund's mandate was updated in 2012 to include all macroeconomic and financial sector issues that bear on global stability.
Membership: 190 countries
Headquarters: Washington, D.C.