After continuing crises in 1993, the EMS countries:
A) agreed to entirely abandon the system.
B) stood firm, refusing to adjust central parities.
C) removed France from its leading role in the system.
D) widened the band of allowable fluctuations around central parities.
E) narrowed the band of allowable fluctuations around central parities.

Question

Quizplus · Accepted Answer

The widening of the band of allowable fluctuations around central parities was agreed upon by the EMS countries after continued crises in 1993. This allowed for more flexibility in exchange rates, which helped reduce pressure on weaker currencies within the system.

After Continuing Crises in 1993, the EMS Countries