_____ fixed the exchange rates of Germany, France, Italy, the Netherlands, Belgium, Denmark, Ireland, and Luxembourg beginning in 1979.

Question

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The Exchange Rate Mechanism (ERM) fixed the exchange rates of several European countries in 1979, including Germany, France, Italy, the Netherlands, Belgium, Denmark, Ireland, and Luxembourg. The ERM was a precursor to the establishment of the euro and was overseen by the European Monetary System.

_____ Fixed the Exchange Rates of Germany, France, Italy, the Netherlands