Choose the given statement that is true/false:

The Bretton woods conference was held in July 1944.

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Detailed Solution

The above statement is true.
The Bretton woods conference was held in July 1944.
The Bretton Woods Conference was signed primarily after the end of World War II. It is related to financial and commercial relationships. It is the initiative of the Allies, especially the United States. We were formally known as the United Nations Financial and Financial Conference. His main idea was to regulate the international financial order and rebuild the devastated economy after World War II. The conference was held in July 1944 in 43 countries in the United States. The conference focused on the open market system, breaking trade barriers and free trade between nations. We have also established an exchange rate system that each country should follow. At the final stage of the conference, the most important parts of economic cooperation were summarised, and the prestigious institutions of the IMF and the World Bank were formed.

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