The European Monetary System represented a
A)exchange rate regime with 'bands.'
B)crawling peg.
C)a flexible exchange rate regime.
D)none of the above

Question

Quizplus · Accepted Answer

The European Monetary System (EMS) was an exchange rate regime with 'bands.' This means that exchange rates were allowed to fluctuate within certain predetermined limits or bands. The system was used by European Union member countries to try and stabilize exchange rates and promote economic convergence. The EMS operated from 1979 to 1999.

The European Monetary System Represented a