Multiple Choice
Under the Exchange Rate Mechanism of the European Monetary System,when the British pound depreciated below its lower limit against the German mark,the Bank of England 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
Correct Answer:
Verified
Correct Answer:
Verified
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