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What did the 1985 Accord signed by US and four other nations at the Plaza Hotel in New York City in November apply to?

0 votes
ACyber security
BFree trade
CNuclear weapons
DControl of currencies

Correct Option: 4  

Control of currencies
The Plaza Accord between the governments of France, West Germany, Japan, the US, and the UK was designed to devalue US currency against the Japanese and German currencies, and protect or promote GDP growth in their countries. The US had a current account deficit at over 3% of GDP - while the European countries and Japan were experiencing current account surpluses as well as negative GDP growth - and the Accord, initiated by the US, was designed to correct this and as one of its effects increase growth and trade for the US. The Louvre Accord was then signed two years later to stop the US currency's resulting fall.
posted Aug 27, 2018 by Ankur Athari

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