Among three institutions of the Breton Woods system, which institution was responsible for the fixed exchange rate and helping countries fixing exchange rates?

Economics Nov 28, 2020

Among three institutions of the Breton Woods system, which institution was responsible for the fixed exchange rate and helping countries fixing exchange rates?

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ANSWER-

The rules of Bretton Woods, set forth in the articles of agreement of the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD), provided for a system of fixed exchange rates.

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