Which of the following is true of the Group of Five (G5)?
A)Britain, France, Germany, Canada, and the United States were the founding members of this group.
B)The reason for forming the group was the increasing value of the U.S.dollar, which pushed up the prices of U.S.exports, thereby increasing the trade deficit.
C)The European Union was represented in G20 and could host or chair the group.
D)The 1985 agreement of G5 was called the Jamaica Accord.
E)The G5 was expanded in 1989 to include 20 countries.

Question

Quizplus · Accepted Answer

The Group of Five (G5) was formed to address the economic issues related to the increasing value of the U.S. dollar, which affected U.S. exports and trade balance.

Which of the Following Is True of the Group of Five