The Exchange Rate Mechanism (ERM) was:

A) an attempt to bring all countries under a fixed exchange rate system.
B) a fixed exchange rate system in Europe, with the Deutsche Mark as the anchor currency.
C) a fixed exchange rate system in Europe, with the British pound as the anchor currency
D) a fixed exchange rate system in use in the 1960s.

Ans: B) a fixed exchange rate system in Europe, with the Deutsche Mark as the anchor currency.

Economics

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