What Currency Was the Base, or Center, Currency in the ERM

question 75

Multiple Choice

What currency was the base, or center, currency in the ERM used in Europe during the 1980s and 1990s?

• A) the French franc
• B) the British pound
• C) the German mark
• D) the Italian lira

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Definitions:

Oral Contract

An agreement between parties spoken aloud and not recorded in written form, yet legally binding under certain circumstances.

Memorandum

A memorandum is a written message used in business or diplomacy to communicate formal information, policies, or instructions.

Oral Contract

An agreement between parties spoken and agreed to aloud rather than written, yet is legally binding.

Consideration

The benefit, interest, right, or profit involved in an agreement or contract, on which it is based.