Question

What
is
Bretton wood
system of exchange ?​

Answer 1

Answer:

The “Bretton Woods” system of internationally fixed exchange rates was born out of the conference, as was the International Monetary Fund (IMF) and the World Bank. ... The major currencies were to be fully convertible to dollars at a fixed exchange rate, though with fluctuation permitted within a 1 percent band.

Answer 2

Answer:

The “Bretton Woods” system of internationally fixed exchange rates was born out of the conference, as was the International Monetary Fund (IMF) and the World Bank. ... The major currencies were to be fully convertible to dollars at a fixed exchange rate, though with fluctuation permitted within a 1 percent band.