Which of the Following Is True of the Jamaica Agreement

question 56

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.

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