History, asked by Anonymous, 11 months ago

hey guys....what is meant by 'bretton woods' Agreement?​

Answers

Answered by raashid46
1

Explanation:

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

Answered by Anonymous
1

The Bretton Woods conference established the International Monetary Fund to deal with external surpluses and deficits of its member nations. The IMF and World Bank are referred to as the Bretton Woods institution.

The Bretton Woods system was based on fixed exchange rates. In this system, national currencies for example the Indian rupee were pegged to the dollar at a fixed rate.

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