The Main Elements of the 1976 Jamaica Agreement Include All

question 13

Multiple Choice

The main elements of the 1976 Jamaica agreement include all of the following except:

• A)floating rates were declared unacceptable.
• B)gold was abandoned as a reserve asset.
• C)total annual IMF quotas were increased to $41 billion.
• D)IMF members were permitted to sell their own gold reserves at the market price.

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Definitions:

Professionalized Curriculum

A course of study that has been designed to meet specific occupational standards and is often linked to the requirements of a particular profession.

Dominant Cultural Values

Dominant cultural values are the core principles and ideals that are widely accepted and promoted within a society, shaping behavior and attitudes.

Cultural Capital

Intangible assets that foster social progression without relying on financial status, embodying aspects like scholarly attainment, cognitive abilities, speech patterns, and fashion sense.

Economic Capital

The financial assets, resources, and wealth that an individual or organization possesses, enabling economic transactions and investments.