Q: Question: What are the fundamentals of Bretton Woods system for fixed exchange rates? Would "Setting up a system of rules, institutions, and procedures to regulate the international monetary system, the planners at Bretton Woods established the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD), which today is part of the World Bank Group ." be a reasonable answer?

OPT: -- No; -- Yes;
The answer is:
No