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autumnnelson123 autumnnelson123
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Posts: 427
3 years ago
The ERM system that preceded the euro was

▸ a floating exchange rate system.

▸ an adjustable peg system where there was a small band of permitted fluctuations around the central pegged rate.

▸ an adjustable peg system where the exchange rate was fixed unless it was agreed to alter it.

▸ a fixed exchange rate system.
Textbook 
Essential Economics for Business

Essential Economics for Business


Edition: 5th
Authors:
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Steve T.Steve T.
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Posts: 362
3 years ago
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