Britain's decision to exit the ERM in September 1992 had what effect?

A) Lower interest rates and a depreciated exchange rate caused the British economy to expand.
B) It subjected Britain to a ruling by the European Courts of Justice.
C) It caused the system to collapse.
D) It had no effect on Britain's economy.


Ans: A) Lower interest rates and a depreciated exchange rate caused the British economy to expand.

Economics

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