Question

Describe Britain wood agreement

Answer 1

Answer:

The Bretton Woods agreement was created in a 1944 conference of all of the World War II Allied nations. It took place in Bretton Woods, New Hampshire. Under the agreement, countries promised that their central banks would maintain fixed exchange rates between their currencies and the dollar.

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Answer 2

Answer:

1)The Bretton Woods system was the first system used to control the value of money between different countries

2)meant that each country had to have a monetary policy that kept the exchange rate of its currency within a fixed value—plus or minus one percent—in terms of gold.