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What do you mean by Bretton Woods agreement?

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NCERT Important Questions for Class 10 Social Science History Chapter 3
Social Science Class 10 History
The Making of a Global World 3
Important Questions
(3/5) Mark Questions

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  1. Bretton Woods – Bretton Woods is the name of Hotel in USA where the National Monetary and Financial conference held in 1944 to ensure the stable economy.
    – Establishment of IMF and World Bank.
    – Bretton Woods system was based on fixed exchange rate.

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