Multiple Choice
Under the Exchange Rate Mechanism of the European Monetary System,when the German mark depreciated below its lower limit against the British pound,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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