Exchange Rate Mechanism

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noun

the mechanism formerly used in the European Monetary System in which participating governments committed themselves to maintain the values of their currencies in relation to the ECUAbbreviation: ERM

Also: Exchange Rate Mechanism II the mechanism used to stabilize the currencies of European Union states that have not adopted the euro but wish to maintain the value of their currency in relation to itAbbreviation: ERM II

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Question 1 of 7

Let’s start with some etymology: What are the origins of the typographical word “bracket”?

First appeared around 1750, and is related to the French word “braguette” for the name of codpiece armor.

First appeared in 1610, based on the French word “baguette” for the long loaf of bread.

First appeared in 1555, and is related to the French word “raquette” for a netted bat.

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Words nearby Exchange Rate Mechanism

exchangeable, exchangee, exchange force, exchanger, exchange rate, Exchange Rate Mechanism, exchange student, exchange transfusion, exchequer, excide, excimer

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

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At any rate his stirring advice and the dispatches he brought roused the military authorities at Meerut into activity.
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Exchange Rate Mechanism

noun

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Example sentences from the Web for Exchange Rate Mechanism