In practice, cooperative agreements are:
A) the largest single exchange rate format.
B) easy to maintain because they have little impact on the nations.
C) often contentious because nations favor their own situations over those of their trading partners.
D) impossible to maintain because nations have widely differing systems and values.

Question

Quizplus · Accepted Answer

Cooperative agreements can be difficult to negotiate and maintain because nations often prioritize their own interests over those of their trading partners. This can lead to contentious negotiations and disputes.

In Practice, Cooperative Agreements Are