Question

What is meant by Bretton Woods Agreement ​

Answer 1

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.

Answer 2

Bretton Woods Agreement was held in July 1944 at Breton Woods in New Hampshire, USA.

Under this conference , Bretton Woods Agreement was passed.Under this agreement, the IMF and International Bank for Reconstruction and development ( IBRD) know as the World Bank .