The Bretton Woods Agreement is a 1988 accord between 12 countries to standardize banks' capital requirements across countries;the resulting capital ratios are computed using risk-weighted assets.

Question

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The Bretton Woods Agreement was actually signed in 1944 by 44 countries and created the International Monetary Fund (IMF) and the World Bank. It established a system of fixed exchange rates based on the value of gold, which ultimately broke down in the 1970s. The statement in the question refers to the Basel Accord, which was first introduced in 1988 and aimed to standardize banks' capital requirements across countries using risk-weighted assets.

The Bretton Woods Agreement Is a 1988 Accord Between 12