A Primary Result of the Smithsonian Agreement Was

question 114

Multiple Choice

A primary result of the Smithsonian Agreement was:

• A) the establishment of the European Monetary System (EMS).
• B) establishing that exchange rates of most major countries were to be allowed to fluctuate 2.25% above or below their initially set values.
• C) establishing specific rules for when tariffs and quotas could be imposed by governments.
• D) establishing that exchange rates of most major currencies were to be allowed to fluctuate freely without boundaries (although the central banks did have the right to intervene when necessary).

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Definitions:

Blanchy Rash

Possibly a typo; if referring to "blanching rash," it's a skin condition that turns white (blanches) when pressed.

Papular Rash

A skin condition featuring raised and often inflamed bumps or spots, which can signify an array of diseases or reactions.

Compound Nevus

A type of mole that has both junctional and dermal elements, often raised above the skin surface and possibly containing hair.

Melanoma

A type of skin cancer that develops from the pigment-producing cells known as melanocytes.