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In 1987 the G7 Countries Responded to Pressure on the Dollar

Question 14

Multiple Choice

In 1987 the G7 countries responded to pressure on the dollar caused by US budget and trade deficits by agreeing to what was known as the Louvre Accord. This did not provide for


A) convergence of interest rates.
B) the US to tackle the deficits.
C) Germany and Japan to revalue their currencies.
D) joint intervention to support the dollar.

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