Which of the following was (were)not one of the main feature(s)of the European Monetary System (EMS)?
A)creation of the European Currency Unit
B)allowing the currency of each EU member to fluctuate by a maximum of 2.25 percent on either side of its center rate
C)the establishment of the European Cooperation Fund
D)Paris was selected as the headquarter of the EMS

Question

Quizplus · Accepted Answer

The European Monetary System (EMS) did not have its headquarters in Paris; it was not an institution with a physical headquarters like the European Central Bank. The EMS was a framework for managing exchange rates and monetary policy among participating European Union countries, established to foster monetary stability in Europe.

Which of the Following Was (Were)not One of the Main