Question

What is the Brettenwood system?Explain wiyh examples

Answer 1

Under the Bretton Woods Agreement of 1944, the world's allied industrial countries established a fixed currency exchange ratebased on the gold standard. 



The Bretton Woods Agreement also led to the creation of the International Bank for Reconstruction and Development (what is now the World Bank) and the International Monetary Fund (IMF).

The agreement's name comes from the