Question

what is meant by the bretton woods agreement?​

Answer 1

Answer:

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.

Explanation:

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Answer 2

⠀⠀ ⠀ ⠀⠀ $\huge{\tt{\red{❥}\green{A}\purple{N}\pink{S}\blue{W}\orange{E}\red{R}}}$The Bretton Woods Agreement established a system through which a fixed currency exchange rate could be created using gold as the universal standard. The agreement involved representatives from 44 nations and brought about the creation of the International Monetary Fund (IMF) and the World Bank