The Exchange Rate Mechanism (ERM)is

question 28

Multiple Choice

The Exchange Rate Mechanism (ERM) is

• A)the procedure by which ERM member countries collectively manage their exchange rates.
• B)based on a "parity-grid" system,which is a system of par values among ERM countries.
• C)the procedure by which ERM member countries collectively manage their exchange rates and is based on a "parity-grid" system,which is a system of par values among ERM countries.
• D)none of the options

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