Please answer the following question: Question: What are the fundamentals of Bretton Woods system for fixed exchange rates I found the following answer on Google: 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 . Is that a correct answer? Yes or no.
Answer:
No