The institution of the European Monetary System that provides short-term and medium-term balance-of-payments assistance to member nations is known as:
A)the European Currency Unit
B)the European Monetary Cooperation Fund
C)the European Assistance Fund
D)the European Monetary Institute

Question

Quizplus · Accepted Answer

The European Monetary Cooperation Fund (EMCF) is a part of the European Monetary System that provides short-term and medium-term balance-of-payments assistance to member nations. The other options listed are either outdated (European Currency Unit) or incorrect (European Assistance Fund, European Monetary Institute).

The Institution of the European Monetary System That Provides Short-Term