Under the ____________ from 1979-1992 (before the euro existed), the currencies of many European countries were currencies of most of these member countries 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 European Monetary System (EMS) was in place from 1979 to 1992, before the euro existed. Under the EMS, the currencies of many European countries were allowed to fluctuate within fixed exchange rate bands, with a minimum of 2.25 percent and a maximum of 6 percent.

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