The __________ is an agreement reached in 1944 among major industrialized countries that established fixed exchange rates with the U.S. dollar serving as the official reserve currency.

Question

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The Bretton Woods Accord was an agreement reached in 1944 among major industrialized countries that established fixed exchange rates with the U.S. dollar serving as the official reserve currency. The International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA) were established under the Bretton Woods Agreement to provide financial assistance for postwar reconstruction and development. The Bank for International Settlements (BIS) was founded in 1930 to facilitate cooperation among central banks and provide financial services for international transactions, but it was not directly related to the Bretton Woods system.

The __________ Is an Agreement Reached in 1944 Among Major