EXCHANGE RATE MECHANISM Definition

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EXCHANGE RATE MECHANISM (ERM) is the precursor to the European Union's single currency (Euro) by which participating governments committed themselves to maintain the value of their currencies in relation to the European currency unit (Euro).

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PRICE is the property of having material worth. Price is usually indicated by the amount of money something would bring if or when sold.

GINNIE MAE see GOVERNMENT NATIONAL MORTGAGE ASSOCIATION.

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