At which of the following did the major countries of the world agree to intervene in the foreign exchange markets to lower the value of the U.S. dollar?
A. Plaza Agreement
B. Bonn Summit
C. Louvre Accord
D. Bretton Woods
Answer: A
You might also like to view...
Assuming the Federal Reserve makes an open-market purchase of a government security worth $10,000 . By writing a check to pay for this security, the Federal Reserve
a. reduces the balance of its assets by $10,000. b. reduces the balance of its liabilities by $10,000. c. neither reduces the balance of its assets nor the balance of its liabilities by $10,000. d. creates a new $10,000 liability against itself. e. both c and d are correct.
Which of the following firms is most likely a price leader in an oligopolistic industry?
a. Firm A controls 15 percent of the market for automobiles. b. Firm B accounts for 10 percent of total wheat sales. c. Firm C controls 65 percent of the market for heavy machinery. d. Firm D accounts for 12 percent of the fast food market.
The primary tool of monetary policy is:
A. the discount rate. B. the reserve requirement. C. open market operations. D. the prime rate.
Modern, highly productive economies
A. have no specialization. B. have a small degree of specialization. C. have a high degree of specialization.