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Title: Under the Exchange Rate Mechanism of the European Monetary System, when the German mark depreciated Post by: valputin on Nov 29, 2015 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.
A) pounds; marks; losing B) pounds; marks; gaining C) marks; pounds; gaining D) marks; pounds; losing Title: Re: Under the Exchange Rate Mechanism of the European Monetary System, when the German mark deprecia Post by: Meela on Dec 1, 2015 Content hidden
Title: Re: Under the Exchange Rate Mechanism of the European Monetary System, when the German mark depreciated Post by: valputin on Dec 14, 2015 Perfect answer, thx
Title: Re: Under the Exchange Rate Mechanism of the European Monetary System, when the German mark depreciated Post by: Meela on Dec 14, 2015 You're very welcome, valputin
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