The ______________ exchange rate regime that followed the collapse of the fixed exchange rate system was formalized in January 1976 when IMF members met in Jamaica and agreed to the rules for the international system that are in place today.
A) floating
B) quasi-fixed
C) open
D) closed
E) managed

Question

Quizplus · Accepted Answer

The question is asking about the exchange rate regime that was formalized after the collapse of the fixed exchange rate system, and the answer is A) floating. This was agreed upon in 1976 at the Jamaica currency conference, where IMF members agreed to allow exchange rates to float, meaning that they would be determined by market forces rather than fixed by governments. This system is still in place today.

The ______________ Exchange Rate Regime That Followed the Collapse of the Fixed