Which of the following was a main element of the Jamaica agreement of 1976?
A)The International Monetary Fund was established.
B)Floating rates were declared acceptable.
C)Total annual IMF quotas were decreased.
D)The U.S.dollar became the new reserve asset.

Question

Quizplus · Accepted Answer

According to the Jamaica agreement: (1)Floating rates were declared acceptable.(2)Gold was abandoned as a reserve asset.(3)Total annual IMF quotas were increased to $41 billion.

Which of the Following Was a Main Element of the Jamaica