Each of the following is a strategy undertaken by western European countries that were part of the European Exchange Rate Mechanism in response to the 1992 speculative attack on their currencies except

Question

Quizplus · Accepted Answer

Options A, B, and D were actual strategies used by European countries during the 1992 speculative attack. However, instituting restrictions on currency trading (option C) was not a widely adopted strategy among these countries in response to the crisis. They primarily focused on using their currency reserves to defend their currencies, raising interest rates, or eventually allowing their currencies to float rather than imposing direct controls on currency trading.

Each of the Following Is a Strategy Undertaken by Western