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Q.

Post-war international economic system is referred to as ____.


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Detailed Solution

The post-war international economic system is referred to as Bretton Woods System.
Under the agreement, countries have promised that their major banks will keep the transaction prices between their currencies and the dollar constant. The Bretton Woods financial management system established rules for trade and financial relations between the United States, Canada, Western European countries, Australia, and Japan following the 1944 Bretton Woods Agreement. This happened in Bretton Woods, New Hampshire during the Second World War. Under the agreement, countries have promised that their major banks will keep the transaction prices between their currencies and the dollar constant.
 
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