In 1976,the _____ formalized the floating exchange rate system that followed the collapse of fixed exchange rate system.

Question

Quizplus · Accepted Answer

The Jamaica Agreement was signed in 1976 and formalized the system of floating exchange rates that replaced the collapsed fixed exchange rate system. The other agreements listed (Plaza Accord and Louvre Accord) were signed in the 1980s and related to coordinated interventions in currency markets by major economies. The gold standard was a monetary system that preceded the fixed exchange rate system.

In 1976,the _____ Formalized the Floating Exchange Rate System That