In September 1992,the Bundesbank attempted to keep the mark from appreciating relative to the British pound,but it failed because participants in the foreign exchange market came to expect the

Question

Quizplus · Accepted Answer

Participants in the foreign exchange market expected the mark to appreciate, which made it difficult for the Bundesbank to keep the mark from appreciating relative to the British pound.

In September 1992,the Bundesbank Attempted to Keep the Mark from Appreciating