In practice,under the EMS,a member country
A)could never change its interest rate.
B)could change its interest rate only if other countries changed theirs as well.
C)must apply to a special European Commission in order to change its interest rate.
D)had complete freedom in choosing the interest rate it wanted.
E) had complete freedom in choosing its interest rate only if it is a very small country.

Question

Quizplus · Accepted Answer

Under the EMS, a member country could change its interest rate, but it needed to coordinate with other member countries to ensure stability within the system. This was known as "concerted intervention." Therefore, choice B is the most accurate statement.

In Practice,under the EMS,a Member Country