What is meant by Bretton Woods Agreement?

Q.5:- What is meant by Bretton Woods Agreement?

 

Answer:-

The Bretton Woods Conference was held in July of 1944 at Bretton Woods in New Hampshire, USA, Under this system, the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD) afterwards called the World Bank wore established to preserve global economic stability and full employment in industrialized world.