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:

Informal Communication Channel

Messages outside formally authorized channels within an organization’s hierarchy.

Stock Options Plan

A benefit plan that gives employees the option to buy company shares at a future date at a predetermined price.

Company Stock

Shares of ownership in a corporation, representing a claim on the company's assets and earnings.

Upward Communication Channel

The flow of information from lower levels of a hierarchy to higher levels, including feedback, reports, and suggestions.