As Evident from EU Nations Pegging to the German Mark

Multiple Choice

As evident from EU nations pegging to the German mark (before currency union) and nations pegging to the U.S. dollar:

A) the mark was overvalued, while the dollar was undervalued.
B) when currency crises occur, they are more severe in emerging markets, yet they can affect both developing and emerging market economies.
C) nations pegging their currencies to the mark had lower rates of interest, yet domestic credit volume was lower in nations pegging to the dollar.
D) currency crises are very uncommon, yet when they occur, the media often makes too much of the issue in their reports.