Question

What is meant by Bretton Woods Agreement? Explain.
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Answer 1

Answer:

The Bretton Woods system was the first system used to control the value of money between different countries. It meant that each country had to have a monetary policy that kept the exchange rate of its currency within a fixed value—plus or minus one percent—in terms of gold.

Answer 2

Answer:

Brenton woods agreement is the conference of all World War II allied nations. IT took place in Brenton wood in New Hampshire .under this agreement ,countries promised that their central banks would maintain a fixed exchange rates between their currencies and dollar.