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Exchange rate mechanism
EXCHANGE RATE MECHANISM

Definition: (abbreviation: ERM) Part of the European Monetary System which seeks to promote monetary stability in Europe. It is administered by the finance ministers and central banks in the member states.
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See perfect CENTRAL BANK.

See perfect administrator.
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See perfect SYSTEM (1).

See perfect stability (1).
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See perfect minister (1).

See perfect SENSE OF DUTY.
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See perfect continent (1).

See perfect EUROPEAN UNION.

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