During the EMS crisis in 1992,
A)all the EMS countries abandoned the system.
B)Germany abandoned the system.
C)England and Italy abandoned the system.
D)France was put in charge of the system.
E) all the EMS countries stood firm, and refused to change central parities.

Question

Quizplus · Accepted Answer

During the EMS crisis in 1992, England and Italy abandoned the system by devaluing their currencies. Other countries like France, Germany, and Belgium stood firm and refused to change central parities.

During the EMS Crisis in 1992