Identify the correct statement about the Louvre 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 Louvre Accord focused on stabilizing the value of the dollar through collective efforts among major countries to address imbalances and volatility in currency markets.

Identify the Correct Statement About the Louvre Accord