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9. During the 1970s, the European Union, in its quest for monetary union, adopted what came to be referred to as the Community Snake. This

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9. During the 1970s, the European Union, in its quest for monetary union, adopted what came to be referred to as the "Community Snake." This device was a: a. Adjustable pegged exchange rate system b. Dual exchange rate system c. Jointly floating exchange rate system d. Freely floating exchange rate system ANS: C PTS: 1 DIF: Moderate NAT: BPROG: Reflective Thinking TOP: Floating Exchange Rates KEY: BLOOM'S: Comprehension

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