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An exchange arrangement was formed in 1979 that governs the currencies of European union member countries. What this arrangement called ?

/ Basic of Economics, Economics Mcqs / By
An exchange arrangement was formed in 1979 that governs the currencies of European union member countries. What this arrangement called ?

A. European Currency System (ECS)
B. European Monetary Mechanism (EMM)
C. Common Monetary System (CMS)
D. European Monetary Fund (EMF)