In Practice, Under the EMS, a Member Country

Multiple Choice

In practice, under the EMS, a member country:

A) had complete freedom in choosing the interest rate it wanted.
B) had complete freedom in choosing its interest rate only if it is a very small country.
C) could change its interest rate only if other countries changed theirs as well.
D) could never change its interest rate.
E) must apply to a special European Commission in order to change its interest rate.