Between 1993 and 1999, the EMS, as a system of fixed but adjustable exchange rates, was de facto dead because:
A) the pound was no longer a member currency of the ERM
B) European countries had moved closer to establishing a monetary union
C) Germany no longer had low inflation and interest rates
D) the member currencies were allowed to move within a wide band of plus or minus 15%
Correct Answer:
Verified
Q26: A 'currency board' is:
A) currency sold on
Q27: The benefits of a 'currency board' include:
A)
Q28: A 'de jure' exchange rate regime is:
A)
Q29: The EMS was a system of:
A) fixed
Q30: Which of the following was NOT a
Q32: The EMU was a system of:
A) fixed
Q33: Euro notes and coins were first introduced
Q34: The benefits offered by the euro include
Q35: When the Australian dollar was part of
Q36: Which statement is true?
A)Until December 1971, the
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