Under the Bretton Woods system,if a country developed a permanent deficit in its balance of trade that could not be corrected by domestic policy,the World Bank would agree to currency devaluation.

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Under the Bretton Woods system, if a country developed a permanent deficit in its balance of trade that could not be corrected by domestic policy, the International Monetary Fund (IMF) would provide financial assistance and loans to support the country's efforts to correct the imbalance. Currency devaluation was not the automatic solution under this system.

Under the Bretton Woods System,if a Country Developed a Permanent