Under the Exchange Rate Mechanism of the European Monetary System,when

question 16

Multiple Choice

Under the Exchange Rate Mechanism of the European Monetary System,when the British pound depreciated below its lower limit against the German mark,the Bank of England was required to buy ________ and sell ________,thereby ________ international reserves.

• A)pounds;marks;losing
• B)pounds;marks;gaining
• C)marks;pounds;gaining
• D)marks;pounds;losing

---

Definitions:

Theory X and Y

A concept describing two contrasting models of workforce motivation developed by Douglas McGregor; Theory X assumes that employees are naturally unmotivated and dislike work, while Theory Y assumes that employees are self-motivated and thrive on responsibility.

Maslow's Theory

A psychological concept proposing a hierarchy of human needs, from basic physiological needs to self-actualization, influencing motivation.

Evidence-Based Management

The practice of making managerial decisions based on the best available scientific evidence, aiming to improve organization outcomes.

Knowledge Management

The process of creating, sharing, using, and managing the knowledge and information of an organization.