Which of the following is true about the Plaza Accord?
A)It focused on the establishment of the European Monetary System (EMS)and the creation of a single currency, the euro.
B)It focused on the formulation of broad supervisory standards and guidelines and recommended statements of best practice in banking supervision.
C)It focused on stabilizing the value of the dollar through collective efforts.
D)It focused on forcing down the value of the U.S.dollar through collective efforts.
E)It focused on establishing the U.S.dollar as the reserve currency through collective efforts.

Question

Quizplus · Accepted Answer

The Plaza Accord was an agreement among major countries to intervene in currency markets to force down the value of the U.S. dollar, in order to help reduce the U.S. trade deficit.

Which of the Following Is True About the Plaza Accord