When the Bundesbank lowered German mark interest rates in September 1992,
A) there was a massive sell-off of German marks, requiring intervention to support the value of the mark.
B) there was a massive sell-off of British pounds, requiring intervention to support the value of the pound.
C) there was a gradual sell-off of German marks, which avoided the need for intervention to support the value of the mark.
D) there was a gradual sell-off of British pounds, which avoided the need for intervention to support the value of the pound.
Correct Answer:
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