The Smithsonian Agreement Resulted in Which of the Following

question 2

Multiple Choice

The Smithsonian Agreement resulted in which of the following?

• A)A revaluation of the dollar by about 9 percent
• B)Exchange rates were allowed to fluctuate by +/- 2.25%
• C)The dollar convertibility was reintroduced
• D)US was allowed to continue with the 10% import surcharge

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Definitions:

Conditional

Pertaining to an agreement or provision that stipulates an event or action must occur before a contract becomes effective or an obligation is fulfilled.

Stratified

Refers to the arrangement or classification of something into different layers, levels, or grades, often used in the context of social stratification.

Global Ranking System

An evaluative framework used to compare and rank entities, such as countries, institutions, or individuals, based on various criteria and metrics.

Colonized

Refers to the process or state of being under the control or influence of a foreign power, often implying exploitation and cultural imposition.