Question

The dollar premium window was a capital control measure introduced by the U K. government in the late seventies. It was because:

a.
The British Pound had started appreciating against all major currencies.

b.
There were wild gyrations in interst rates and exchange rates.

c.
The Pound was no longer pegged to DEM and CHF.

d.
The inflation in Britain was on the lower side.

Answer 1

Answer:

c

The Pound was no longer pegged to DEM and CHF.