Question

what is meant by the bretton woods agreements ?
easy and appropriate answer in points

Answer 1

Bretton woods system was the system of exchange rate determination under fixed exchange rate system. It is also called as adjustable peg system.

Answer 2

1 The Bretton Woods Agreement is the landmark system for monetary and exchange rate management established in 1944.
2.It was developed at the United Nations Monetary and Financial Conference held in Bretton Woods, New Hampshire, from July 1 to July 22, 1944.
2.It took place inBretton Woods, New Hampshire.
3. Under the agreement, countries promised that their central banks would maintain fixed exchange rates between their currencies and the dollar .
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