Members of the European Exchange Rate Mechanism (ERM)

question 5

Multiple Choice

Members of the European Exchange Rate Mechanism (ERM)

• A) agreed to buy and sell gold at a fixed rate.
• B) promised to maintain the values of their currencies within a fixed range.
• C) attempted to maintain a fixed exchange rate against the dollar.
• D) all agreed to charge the same interest rate on central bank loans.

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Definitions:

Glabrous Skin

Areas of the skin that are naturally hairless, such as the palms of the hands and the soles of the feet.

Discriminate

The ability to perceive and understand the difference between multiple stimuli or conditions, or the unjust or prejudicial treatment of different categories of people or things.

Distance

A measure of the spatial separation between two points or locations.

Pacinian Corpuscles

Structures in the skin and various organs that detect mechanical stimuli, particularly vibrations and pressure.