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The European Monetary System (EMS)

Question 19

Multiple Choice

The European Monetary System (EMS) :


A) was the first fixed exchange rate system to fail during the twentieth century.
B) eliminated all exchange rate changes among most European currencies between 1979 and 1992.
C) was abandoned in the early 1990s after several European currencies suffered speculative attacks.
D) was the first fixed exchange rate system to succeed during the twentieth century.

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