What is bretten wood system
CBSE, JEE, NEET, CUET
Question Bank, Mock Tests, Exam Papers
NCERT Solutions, Sample Papers, Notes, Videos
Posted by Mrityunjay Kumar 5 years, 1 month ago
- 1 answers
Related Questions
Posted by Yogesh Godara 1 year, 3 months ago
- 0 answers
Posted by Navya Paul 1 year, 3 months ago
- 0 answers
Posted by Neha Nishad 1 year, 4 months ago
- 0 answers
Posted by Jasleen Kaur Palak 1 year, 4 months ago
- 2 answers
Posted by Kulvir Dhillon 1 year, 4 months ago
- 0 answers
Posted by Hunmili Killingpih 1 year, 3 months ago
- 0 answers
Posted by Reetu Chettri 1 year, 4 months ago
- 0 answers
Posted by Thar Teen 1 year, 4 months ago
- 0 answers
Posted by Abigail Golmei 1 year, 2 months ago
- 0 answers
Posted by Prinjal Singh 1 year, 2 months ago
- 0 answers
myCBSEguide
Trusted by 1 Crore+ Students
Test Generator
Create papers online. It's FREE.
CUET Mock Tests
75,000+ questions to practice only on myCBSEguide app
Yogita Ingle 5 years, 1 month ago
The Bretton Woods Conference took place in the July of 1944 at Bretton Woods in New Hamsphire, USA. Under this system, the International Monetary Fund (IMP) and the International Bank for Reconstruction and Development (IBRD) were established.
The main terms of this agreement were:
(i) Formation of IMF and IBRD (also called the World Bank).
(ii) To establish monetary cooperation amongst the member countries.
(iii) Adjustable peg foreign exchange rates system was followed, i. the exchange rates were fixed, with the provision of changing them if necessary.
Currencies were required to be convertible for trade related and other current account transactions. The governments, however, had the power to regulate capital flows.
(iv) All member countries were required to subscribe to the IMF’s capital.
1Thank You