The European Exchange Rate Mechanism Was Also Known as the "Snake

question 22

Multiple Choice

The European Exchange Rate Mechanism was also known as the "snake" because it

• A)was despised by member countries with strong currencies.
• B)changed its shape based on the fluctuation of the different currencies.
• C)had a "venomous bite" on weaker currencies of the EU.
• D)None of the above are true.

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