Which of the Following Created a New International Monetary System

question 38

Multiple Choice

Which of the following created a new international monetary system based on the value of the U.S.dollar?

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

---

Definitions:

Accounting Equation

The foundation of double-entry bookkeeping, representing the relationship: Assets = Liabilities + Equity.

Debit-Credit Analysis

A fundamental accounting technique that balances debits and credits in financial transactions to maintain the equation of assets = liabilities + equity.

Credit Services

Financial services that provide customers with credit facilities to purchase goods or services, including loans, credit cards, and lines of credit.

GAAP

Generally Accepted Accounting Principles, a standard framework of guidelines for financial accounting used in any jurisdiction.