In January 1976,which one of the followed revised the International Monetary Fund's Articles of Agreement to reflect the new reality of floating exchange rates?
A)Jamaica agreement
B)Bretton Woods agreement
C)Marshall Plan
D)General agreement on Tariffs and Trade
E)Plaza Accord

Question

Quizplus · Accepted Answer

The Jamaica agreement, signed in January 1976, revised the International Monetary Fund's Articles of Agreement to reflect the new reality of floating exchange rates. It effectively ended the post-World War II Bretton Woods system of fixed exchange rates and shifted towards a more flexible system of floating exchange rates. The other options listed are not related to this specific event.

In January 1976,which One of the Followed Revised the International