what is meant by the Bretton Woods Agreement?
Answers
Answered by
2
Answer:
The Bretton Woods System is a set of unified rules and policies that provided the framework necessary to create fixed international currency exchange rates. Essentially, the agreement called for the newly created IMF to determine the fixed rate of exchange for currencies around the world
Explanation:
hope this helped you thanks for reading ☺️☺️☺️
Answered by
1
The Bretton Woods Agreement and System created a collective international currency exchange regime that lasted from the mid-1940s to the early 1970s. The Bretton Woods System required a currency peg to the U.S. dollar which was in turn pegged to the price of gold.
Similar questions