Which of the Following Statements Is Correct? I

question 30

Multiple Choice

Which of the following statements is correct? I. The ERM used the Deutsche Mark as the base or center currency.
II) The ERM allowed the Italian central bank autonomy over its policies.
III) The ERM allowed the Bundesbank monetary autonomy.

• A) I only
• B) II only
• C) III only
• D) I, II, and III

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Definitions:

Complements

Goods that are consumed together because the use of one increases the value of the other, often seen in products that are used in conjunction.

Demand Curve

A graphical representation of the relationship between the price of a good and the quantity demanded by consumers.

Demand for Cigarettes

The quantity of cigarettes that consumers are willing and able to purchase at various prices, influenced by factors like income, price of substitute goods, and regulations.

Smoking Habits

Patterns or behaviors related to the consumption of tobacco products, including the frequency and amount of usage.