Which of the following was NOT a result of the Smithsonian Agreement?
A)revaluation of currencies other than the dollar against gold
B)establishment of par values the quota system
C)devaluation of the dollar against gold
D)widening of exchange-rate flexibility

Question

Quizplus · Accepted Answer

The Smithsonian Agreement, reached in 1971, did not involve the establishment of par values the quota system. This agreement primarily focused on revaluing currencies against the dollar, devaluing the dollar against gold, and allowing greater exchange-rate flexibility among the participating countries. The quota system is more closely associated with the International Monetary Fund's operations rather than the specific outcomes of the Smithsonian Agreement.

Which of the Following Was NOT a Result of the Smithsonian