_____________ was defined by the European Monetary System as the weighted average of the currencies of the EU members
A)The European Currency Unit
B)The European Monetary Cooperation Fund
C)The Euro
D)The European Monetary Institute

Question

Quizplus · Accepted Answer

The European Currency Unit (ECU) was defined by the European Monetary System as the weighted average of the currencies of the EU members. It was used as a unit of account in international transactions and served as a precursor to the euro.

_____________ Was Defined by the European Monetary System as the Weighted