At the ________, the Group-of-Five nations agreed to intervene in the currency markets to promote a depreciation in the U.S.dollar's exchange value.
A) Plaza Agreement of 1985
B) Louvre Accord of 1987
C) Bonn Summit of 1978
D) Tokyo Summit of 1962

Question

Quizplus · Accepted Answer

The Plaza Agreement of 1985 was a meeting of finance officials from the Group-of-Five nations (US, Japan, Germany, France, UK) where they agreed to intervene in currency markets to promote a depreciation in the value of the US dollar. The other options mentioned (Bonn Summit of 1978, Tokyo Summit of 1962) did not include agreements related to currency interventions. The Louvre Accord of 1987 also dealt with currency interventions, but focused on stabilizing exchange rates rather than promoting a depreciation of a specific currency.

At the ________, the Group-Of-Five Nations Agreed to Intervene in the Currency