Solved

Which of the Following Is True of the Jamaica Agreement

Question 50

Multiple Choice

Which of the following is true of the Jamaica Agreement?


A) It established the gold standard as the new international monetary system.
B) It established the managed floating exchange rate system as the new international monetary system.
C) It led to the devaluation of the U.S.dollar to $38 per ounce of gold, which increased the value of other countries' currencies to the dollar.
D) It was a series of economic decisions made in 1971 that led to the demise of the Bretton Woods system.
E) It was a series of economic decisions made in 1971 that led to the demise of the GATT agreement.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents