What currency was the base, or center, currency in the ERM used in Europe during the 1980s and 1990s?
A) the French franc
B) the British pound
C) the German mark
D) the Italian lira

Question

Quizplus · Accepted Answer

The German mark was the base currency in the ERM during the 1980s and 1990s. This meant that other currencies, such as the French franc and Italian lira, were pegged at a fixed exchange rate to the mark. The British pound initially did not participate in the ERM and later joined but withdrew from the system in 1992.

What Currency Was the Base, or Center, Currency in the ERM