The main elements of the 1976 Jamaica agreement include all of the following except:
A) floating rates were declared unacceptable.
B) gold was abandoned as a reserve asset.
C) total annual IMF quotas were increased to $41 billion.
D) IMF members were permitted to sell their own gold reserves at the market price.
Correct Answer:
Verified
Q43: In 1976,the _ formalized the floating exchange
Q44: The institutional arrangement that governs exchange rates
Q45: When the foreign exchange market determines the
Q46: Under the Bretton Woods,all countries fixed the
Q47: The amount of a currency need to
Q49: The great strength claimed for the gold
Q50: When the income a country's residents earn
Q51: The gold standard had its origin in
Q52: Under the gold standard,the U.S.dollar could be
Q53: When the central bank of a country
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