Under the ____________ from 1979-1992 (before the euro existed), the currencies of most European countries that were members were allowed to fluctuate by no more than 2.25 percent (6 percent for some currencies) from the initially established values.

Question

Quizplus · Accepted Answer

The given description matches the guidelines and regulations of the European Monetary System (EMS) which was established in 1979 and lasted until the introduction of the euro in 1999. The system aimed to stabilize exchange rates and facilitate trade between European countries through coordinated economic policies and central bank interventions. The Snake Agreement, on the other hand, was an earlier attempt at exchange rate stability in the 1970s, and the Maastricht Treaty and Bretton Woods Agreement had different objectives and time periods.

Under the ____________ from 1979-1992 (Before the Euro Existed), the Currencies