true or false The Plaza Accord signed in 1985 suggested that

true or false

The Plaza Accord, signed in 1985, suggested that it would be desirable for most major currencies to fall relative to the U.S. dollar.

The so-called Group of Five major industrial countries includes Great Britain, the U.S., Japan, Switzerland, and Germany.

The Louvre Accord pledged to support the stability of exchange rates around their 1987 levels by intervening in the foreign exchange markets when necessary to buy and sell currencies.

Solution

This is False statement:

Plaza accord was signed in 1985 and it was aimed at depreciating US dollar relative other major currencies. US was constantly facing problem of trade deficit while Japan was facing rise in the surplus. Switzerland was not part of this accord.

Louvre Accord:

US dollar was falling continuously after Plaza accord, hence Lourve accord was aimed at stabilising exchange rate.

This is right statement.