What are the objectives of bretten woods system?
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more development assistance.fairer price of a raw material and aim was to preserve economic stability
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Objectives of Bretton Woods system:
The main objective of Bretton Woods system is designing a post-war monetary system which facilitates a better exchange rates stability without using the gold standard and to enhance International trade and development.
Bretton Woods is an international monetary arrangement which is agreed by the allies in Bretton Woods. This results in the creation of the World Bank and IMF which sets fixed exchange rates with the US dollar as the international reserve currency.
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