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a. What are the major roles and functions of each of the following institutions in the international economy: International Monetary Fund (2 marks) GATT/World Trade

a. What are the major roles and functions of each of the following institutions in the international economy:

International Monetary Fund (2 marks)

GATT/World Trade Organisation (2 marks)

b. Explain how the Bretton Woods System operated and the factors which contributed to its demise. (3 marks)

c. What was the Bretton Woods Agreement II and what issues did it aim to address? Explain your answer. (3 marks)

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