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

question 10

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


Definitions:

Cella

The chamber at the center of an ancient temple; in a classical temple, the room (Greek, naos) in which the cult statue usually stood.

Deity

A god or goddess in a polytheistic religion, considered divine and often worshipped.

Daedalus

A skilled craftsman and artist in Greek mythology, known for designing the Labyrinth for King Minos of Crete and creating wings for himself and his son Icarus to escape captivity.

Geometric Sculpture

Art that utilizes geometric forms and shapes in its construction, often associated with modern and abstract art movements.

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