Under the Plaza Accord of 1985, the Group of Five major industrial cou

QUESTION

Under the Plaza Accord of 1985, the Group of Five major industrial countries concluded that it would be desirable if:

A. the countries returned to a system of fixed exchange rates.

B. the participating members reverted to the gold standard.

C. the United States adopted protectionism to improve its trade balance.

D. most major currencies appreciated vis-à-vis the U.S. dollar.

E. governments did not regulate the buying and selling of currency.

 

ANSWER

D

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