The _____ removed gold as the primary reserve asset of the IMF.
A)Jamaica Agreement
B)Basel Convention
C)Bonn Agreement
D)Smithsonian Agreement
E)Bretton Woods Agreement

Question

Quizplus · Accepted Answer

The Jamaica Agreement, reached in 1976, revised the Bretton Woods system by allowing the value of the International Monetary Fund (IMF) currencies to float freely and removed gold as the primary reserve asset of the IMF.

The _____ Removed Gold as the Primary Reserve Asset of the IMF