The major significance of the _____ was that it was the first formal institution that governed international monetary systems.
A)Nixon Shock
B)Bretton Woods Agreement
C)Smithsonian Agreement
D)World Trade Organization
E)General Agreement on Tariffs and Trade

Question

Quizplus · Accepted Answer

The Bretton Woods Agreement, established in 1944, was the first formal institution that governed international monetary systems, creating a framework for monetary and exchange rate management among the world's major industrial states.

The Major Significance of the _____ Was That It Was