The partial collapse of the European Monetary System occurred in
A) 1980.
B) 2001.
C) 1992.
D) 1998.
E) 1973.

Question

Quizplus · Accepted Answer

The partial collapse of the European Monetary System, also known as Black Wednesday, occurred on September 16, 1992. This was when several countries were forced to devalue their currencies and withdraw from the system due to market pressures and speculation against their currencies, leading to a loss of credibility for the system.

The Partial Collapse of the European Monetary System Occurred in