What are the important differences between the Bretton Woods fixed exchange rate system and the current IMF
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Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...
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The IMF system today differs dramatically from the model established at Bretton Woods i...View the full answer
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