Question

Describe four principles or organizations brought about by the Bretton Woods Agreement that remain important to international business and trade today.

Answer 1

The Bretton Woods Agreement established four ideas or organizations that are still crucial to international commerce and trade today, that are the International Monetary Fund, Exchange Rate, Promote Economic Growth, and Prevent Competitive Regulations.

What is Bretton Woods Agreement?

The Bretton Woods Agreement was the system that was established to use gold as the worldwide benchmark for creating a fixed currency exchange rate.

This agreement was signed by the 44 representatives from countries. Which led to the establishment of the International Monetary Fund (IMF) and the World Bank.

The four main ideas that were established by this agreement were the Exchange Rate, International Monetary Fund, Prevent Competitive Regulations, and Promote Economic Growth.

Therefore, the four ideas of this agreement is important to the businesses.

Learn more about the Bretton Woods, refer to:

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