Chap002 17 - D. all of the above 70. Monetary policy for...

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67. The Maastricht Treaty A. irrevocably fixed exchange rates among the member currencies. B. commits the members of the European Union to political union as well as monetary union. C. was signed and subsequently ratified by the 12 member states. D. all of the above 68. The single European currency, the euro, was adopted by 11 member nations on January 1 of what year? A. 1984 B. 1991 C. 1999 D. 2001 69. Benefits from adopting a common European currency include A. reduced transaction costs. B. elimination of exchange rate risk. C. increased price transparency that will promote Europe-wide competition.
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Unformatted text preview: D. all of the above 70. Monetary policy for the countries using the euro as a currency is now conducted by A. the Federal Reserve. B. the Bundesbank. C. European Central Bank. D. none of the above 71. Following the introduction of the euro, the national central banks of the euro-12 nations A. disbanded. B. formed the ESCB, which is analogous to the Federal Reserve System in the U.S. C. continue to perform important functions in their jurisdictions. D. b) and c) are correct...
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