Compared with France, who stayed in the ERM, what was the result of Britain's exit?
A) France's economy performed a bit better.
B) Britain had an economic recession while France enjoyed an expansion.
C) There was no significant difference.
D) France had an economic recession while Britain enjoyed an expansion.

Question

Quizplus · Accepted Answer

After Britain exited the ERM (Exchange Rate Mechanism) in 1992, often referred to as Black Wednesday, the country experienced a period of economic growth and low unemployment rates, while France, which remained in the ERM, faced economic challenges and slower growth.

Compared with France, Who Stayed in the ERM, What Was