Question

What is meant Bretton Woods system?


Please give a summarised Explaination​

Answer 1

In this system all currency is pegged in US dollar and than converted the value into gold ........and finally the rate is fixed

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

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