Question

what is meant by Bretton woods agreement

Answer 1

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The bretton woods agreements are asigned between the world powers in july 1944 at bretton woods in New Hampshire ,USA.It established the international monetary fund(IMF) to deal with external surpluses and deficits of its member nations and the international Bank for reconstructed and development was set up to finance - post were reconstruction.

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Answer 2

QUESTION:-

What is meant by Bretton woods agreement

ANSWER:-

• The Bretton Woods Agreement was attained at a 1944 conference held in New Hampshire, USA in a setting by the same name. The agreement was attained by 730 representatives, who were the deputies of the 44 allied nations that visited the summit. The representatives, within the agreement, used the gold standard to establish a fixed currency exchange rate.

• The meeting was also looking for strategies and laws that would maximize the possible benefits and earnings that could be originated from the global trading system

• The Bretton woods agreement also stimulated the achievement of incredibly significant patterns in the financial world that is the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD), which is recognized in recent times as the World Bank.

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