Question

What do you mean by bretton woods aggreement? Explain you answer please no span answer

Answer 1

Explanation:

About Bretton Woods agreement -

(i) The Bretton woids agreement was signed between the world's power in 1944 at a conference held at Bretton wood in New Hampshire in USA.

(ii) This agreement established IMF and world bankto preserve tge economic stability and to ensure full employment to the industrial world.

(iii) IMF was esablished to deal with the external surplus and deficits of the member nations.

(iv) IBRD or world bank was set up to finance post war reconstructions.

(v) Under this new system, most of the currencies of the world were linked with US dollars.