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Author Question: According to the European Exchange Rate Mechanism (ERM), a currency could only fluctuate up to 2.5 ... (Read 71 times)

maegan_martin

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on: Jun 29, 2018
According to the European Exchange Rate Mechanism (ERM), a currency could only fluctuate up to 2.5 of its value in either direction; when this value was consistently surpassed, the mechanism would adjust the currency upward or downward, respectively, creating a snake-like structure.
 
 Indicate whether the statement is true or false

Question 2

Frito-Lay has a matrix structure.
 
 Indicate whether the statement is true or false


Athena23

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Reply #1 on: Jun 29, 2018
Answer to Question 1

T
According to the European Exchange Rate Mechanism (ERM), a currency could only fluctuate up to 2.5 of its value in either direction; when this value was consistently surpassed, the mechanism would adjust the currency upward or downward, respectively, creating a snake-like structure. This is why the ERM is also known as the snake.

Answer to Question 2

F
Frito-Lay, one of the three companies of the Pepsi Co. family, has a worldwide regional division structure.


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