At which of the following did the major countries of the world agree to intervene in the foreign exchange markets to lower the value of the U.S. dollar?
A)Bretton Woods
B)Plaza Agreement
C)Bonn Summit
D)Louvre Accord

Question

Quizplus · Accepted Answer

The Plaza Agreement was signed on September 22, 1985, in New York City by the finance ministers and central bank governors of the United States, Japan, West Germany, France, and Britain. The agreement aimed to depreciate the value of the US dollar against other major currencies that were overvalued at the time. This was achieved through coordinated intervention in foreign exchange markets, by buying other currencies and selling dollars.

At Which of the Following Did the Major Countries of the World