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In the ERM, each country fixed participant Collectively the group ________ against the rest of the world?

/ Economics Mcqs, Macroeconomic Issues and Analysis / By
In the ERM, each country fixed participant Collectively the group ________ against the rest of the world?

A. a nominal exchange rate, floated
B. a real exchange rate, pegged
C. a purchasing power parity, pegged
D. a real exchange rate, floated