The Plaza Accord Was an Agreement That

question 1

Multiple Choice

The Plaza Accord was an agreement that

• A) renegotiated the terms of the treaty under which Japan allows U.S. troops to be stationed in the country.
• B) devalued the American dollar against the Japanese yen, thus making Japanese exports more expensive and less competitive.
• C) would have established a joint currency between Japan and several Asian countries.
• D) increased the value of the American dollar respective to the Japanese yen, thus making American exports more expensive and less competitive.
• E) established the Asia-Pacific Economic Cooperation forum.

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Definitions:

Profit

The financial gain obtained when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes.

Revenue

The total amount of money received by a company for goods sold or services provided during a certain time period.

TR

Refers to Total Revenue, which is the total income a company earns from the sale of its goods and services.

Positive Profit

Positive Profit occurs when the total revenue of a business exceeds its total costs.