Under the _____ of 1987,the Group of Five Agreed That

question 40

Multiple Choice

Under the _____ of 1987,the Group of Five agreed that exchange rates had realigned sufficiently from earlier levels and pledged to support the stability of exchange rates around their current levels by intervening in the foreign exchange market when necessary.

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

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Definitions:

Contract

A binding pact between parties that has legal force and can be upheld in court.

Accept

To agree to receive or undertake something offered.

Offer

A proposal by one party to another to enter into a legal agreement, constituting one of the essential elements of a contract.

Counteroffer

A response to an offer in a negotiation, where the original offer is rejected and replaced with a new proposal.