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

Economics

Which of the following is a leading business cycle indicator?

a. The unemployment rate. b. The volume of outstanding commercial loans. c. New building permits. d. Personal income.

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Economics

What are the advantages of vertical integration?

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Economics

Under the Exchange Rate Mechanism of the European Monetary System, when the British pound depreciated below its lower limit against the German mark, the German central bank was required to buy ________ and sell ________,