In the late 1960s, speculators were counting on the value of the German mark to ________ and the German central bank responded by ________ marks.
A)increase; selling more
B)increase; selling less
C)decrease; buying more
D)decrease; buying less

Question

Quizplus · Accepted Answer

Speculators expected the German mark to increase in value, so the German central bank responded by selling more marks to prevent the currency from appreciating too much.

In the Late 1960s, Speculators Were Counting on the Value