Question

what do you mean by bretton wood agreement?

Answer 1

The Bretton Woods Conference was held in July of 1944 at Bretton Woods in New Hampshire, USA, Under this system, the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD) afterwards called the World Bank wore established to preserve global economic stability and full employment in industrialized world.

Answer 2

Bretton Woods refers to the international monetary arrangement, agreed upon by the allied nations in 1944 in Bretton Woods, US, that created the IMF and World Bank and that set up a system of fixed exchange rates with the US dollar as the international reserve currency.