What resulted from the Smithsonian Conference?
A) the euro was identified as the benchmark currency
B) currencies were allowed to fluctuate freely
C) the U.S. dollar was devalued
D) the SDR was created

Question

Quizplus · Accepted Answer

The Smithsonian Agreement, reached in December 1971, resulted in the devaluation of the U.S. dollar as a measure to address the international monetary crisis.

What Resulted from the Smithsonian Conference