snake in the tunnel การใช้

• An attempt to limit the fluctations of European currencies, using a " snake in the tunnel ", failed.
• An attempt to limit the fluctuations of European currencies, using a " snake in the tunnel ", failed.
• A system allowing interest rates to rise or fall only within a narrow range was called the snake in the tunnel; a stock rally doomed to be short-lived is a dead-cat bounce.
• For example, the exchange rate of the " renminbi " of the mainland of the People's Republic of China has recently been based upon a currency band; the European Economic Community's " snake in the tunnel " was a similar concept that failed, but ultimately led to the establishment of the European Exchange Rate Mechanism ( ERM ) and ultimately the Euro.