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Unformatted text preview: D. maintain its currency at a fixed exchange rate to the ERM. Topic: European Monetary System 65. The European Monetary System (EMS) has the chief objective(s) A. to establish a "zone of monetary stability" in Europe. B. to coordinate exchange rate policies vis-à-vis the non-EMS currencies. C. to pave the way for the eventual European monetary union. D. all of the above Topic: European Monetary System 66. The Exchange Rate Mechanism (ERM) is A. the procedure by which ERM member countries collectively manage their exchange rates. B. based on a "parity-grid" system, which is a system of par values among ERM countries. C. a and b D. none of the above Topic: European Monetary System...
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This note was uploaded on 11/09/2011 for the course FIN IFMG201 taught by Professor Eun during the Spring '11 term at Michigan Flint.
- Spring '11