what is mean by Bretton woods agreement
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bretton wood agreement was passed at bretton wood,new Hampshire,USA in 1944....
it was passed for the replacement of economy of the countries which was affected by the world war2.....
It formed IMF(international monetory fund) and world bank...these were called the twins of bretton woods....
hope it helps u❤️
it was passed for the replacement of economy of the countries which was affected by the world war2.....
It formed IMF(international monetory fund) and world bank...these were called the twins of bretton woods....
hope it helps u❤️
Answered by
1
The Bretton Woods Agreement established the International Monetary Fund (IMF) and the World Bank for preserving global economic stability and employment in the industrial world. The agreement was finalised in July 1944 at Bretton Woods in New Hampshire, USA.
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