IMF Members Formalized the Existing System of Floating Exchange Rates

question 42

Multiple Choice

IMF members formalized the existing system of floating exchange rates as the new international monetary system by drafting the so-called ________.

• A)Bretton Woods Agreement
• B)Smithsonian Agreement
• C)Plaza Accord
• D)Jamaica Agreement

---

Definitions:

Collaboration

Working together cooperatively and cohesively towards a common goal, often involving shared responsibilities and decision-making.

X-Y-Z Statement

A communication tool that describes a situation (X), the impact of that situation (Y), and the feelings or needs of the speaker (Z).

Tease

To make fun of or attempt to provoke in a playful or mocking way.

Acknowledging Anger

Recognizing and validating someone's feeling of anger as a legitimate emotion.