noun
EXAMPLES FROM CORPUS
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But if we are to be fixed to the Deutschmark , that should be an agreed and acknowledged policy.
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For example, suppose that currency 1 is sterling, currency 2 is dollars and currency 3 is Deutschmarks.
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It is absurd to disagree about whether we should be fixed to the Deutschmark or not, while behaving as if we were.
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It was only when the Government decided to shadow the Deutschmark that it dropped its commitment to sound money.
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The Deutschmark falls out of the Exchange Rate Mechanism.
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Therefore an arbitrageur could make virtually riskless profits by exchanging sterling for Deutschmarks, Deutschmarks for dollars and dollars for sterling:.