The Three Main Elements of the Jamaica Agreement Were

Multiple Choice

The three main elements of the Jamaica Agreement were:

A) the International Monetary Fund was established; gold was abandoned as a reserve asset; and floating rates were declared unacceptable
B) floating rates were declared acceptable; gold was abandoned as a reserve asset; and total annual IMF quotas were increased to $41 billion
C) floating rates were declared unacceptable; the International Monetary Fund was abolished; and the World Bank was established
D) fixed rates were declared acceptable, gold was accepted as a reserve asset; and the total annual IMF quotas were increased to $41 billion
E) all of these answers are correct