The Smithsonian Agreement Resulted in Which of the Following

question 29

Multiple Choice

The Smithsonian Agreement resulted in which of the following?

• A)A revaluation of the dollar by about 9 percent
• B)A revaluation of other currencies including the Japanese yen and the German mark
• C)The dollar convertibility into gold was reintroduced
• D)The band of fluctuation was reduced from 2.25% to 1%

---

Definitions:

Incongruent

Lacking harmony, consistency, or compatibility between aspects or elements.

Supply Objectives

Goals aimed at ensuring the efficient and effective procurement, management, and distribution of materials and products.

Corporate Strategy

The overall plan and direction of a company, focusing on achieving long-term business objectives and competitive advantage.

Supply Strategy

The planning and execution involved in securing the necessary resources and materials required to meet an organization's strategic goals.