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QUESTION
1. Describe what happened at the 1944 Bretton Woods conference. Are the monetary principles established by the Bretton Woods conference still in
1. Describe what happened at the 1944 Bretton Woods conference. Are the monetary principles established by the Bretton Woods conference still in effect today? 2. What is the difference between a free floating exchange rate and a managed or dirty float system? 3. How do exchange rates affect individual international businesses? Do international businesses like stable rates or volatile rates?
