_____ exchange rates were declared as acceptable in the Jamaica agreement of IMF.
A) Pegged
B) Fixed
C) Floating
D) Gold standard

Question

Quizplus · Accepted Answer

The Jamaica agreement of IMF, also known as the Second Amendment to the Articles of Agreement of the International Monetary Fund, was signed in 1976. The agreement aimed to modernize the international monetary system and abolish the gold standard. It declared that all member countries were free to choose their exchange rate regime, including floating exchange rates. Therefore, the acceptable exchange rate regime in the Jamaica Agreement was floating.

_____ Exchange Rates Were Declared as Acceptable in the Jamaica