An arrangement under which countries prevent their currencies from rising against the dollar is called
A) the Doha Agreement.
B) Bretton Woods 2.
C) the Uruguay Round.
D) Most-Favored Nation Clause.

Question

Quizplus · Accepted Answer

The arrangement described in the question is called Bretton Woods 2, which refers to the informal agreement among countries to prevent their currencies from appreciating too rapidly against the US dollar. The Doha Agreement refers to trade negotiations, the Uruguay Round refers to an international trade agreement, and the Most-Favored Nation Clause is a principle in international trade that prevents discrimination among trading partners.

An Arrangement Under Which Countries Prevent Their Currencies from Rising