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what exactly is the difference between the bretten woods system and gold standard why did they break down???..plz help

    • Posted by Jeenal Jain 7 years, 11 months ago

    CBSE > Class 12 > Economics
    • 2 answers

    Radhika Garg 7 years, 11 months ago

    They break down because they both brings unstability in the economy.

    2Thank You

    Radhika Garg 7 years, 11 months ago

    Under bretten wood system a currency of one country is pegged and each country defines the value of its own value of currency in relation to the pegged currency. Under gold standard system each country has to define its cuurency value in relation to the gold.

    1Thank You

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