In 1990 britain joined the erm if the german bundesbank, Ask an Expert

Economics

In 1990, Britain joined the ERM. If the German Bundesbank increased interest rates, assuming Britain maintains its exchange rate peg, the likely impact on the British economy would be a(n):

A. recession.

B. inflationary economy.

C. stronger pound.

D. decrease in taxes.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92201744

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