The Bretton Woods Agreement established International Monetary Fund (IMF; www.imf.org) as an international agency that attempted to stabilize currencies by monitoring the foreign exchange systems of member countries and lending money to developing economies.

Question

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The Bretton Woods Agreement, established in 1944, indeed created the International Monetary Fund (IMF) with the primary aim of ensuring stability in international monetary affairs and facilitating the expansion and balanced growth of international trade. The IMF was tasked with monitoring exchange rates and providing financial assistance to countries to help stabilize their economies.

The Bretton Woods Agreement Established International Monetary Fund (IMF; Www