Consider the following statements:1. International Monetary Fund (IMF) was initiated in 1944 at the Bretton Woods Conference and formally created in 1945.2. IMF grants loan to member country and other developing countries.Which of the statements given above is/are correct?

Consider the following statements:1. International Monetary Fund (IMF)

1.	Consider the following statements:1. International Monetary Fund (IMF) was initiated in 1944 at the Bretton Woods Conference and formally created in 1945.2. IMF grants loan to member country and other developing countries.Which of the statements given above is/are correct?
A.	1 only
B.	2 only
C.	1 and 2
D.	None
Answer» B. 2 only