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Return to Politics in the European Union 5e Student Resources
Chapter 20 Multiple choice questions
Economic and Monetary Union
Quiz Content
*
not completed
When did economic and monetary union become an objective of the EC?
1957
correct
incorrect
1969
correct
incorrect
1985
correct
incorrect
1992
correct
incorrect
*
not completed
What is meant by an 'economist' approach to monetary union?
Monetary union should only be attempted with a strict approach to monetary policy
correct
incorrect
Monetary union can be compatible with a wide range of fiscal policies
correct
incorrect
Monetary union should only be attempted after some convergence of economic policies is achieved
correct
incorrect
Monetary union should occur before convergence of economic policies
correct
incorrect
*
not completed
Why did the ' snake in the tunnel' not lead to monetary union after 1973?
Structural divergence in European economies
correct
incorrect
Pressure from a low US dollar
correct
incorrect
Currency speculation
correct
incorrect
All of the above
correct
incorrect
*
not completed
What did the Delors report propose?
An end to exchange rate targets until member state economies had converged
correct
incorrect
Maintaining the EMS with wider bands of exchange rate fluctuation
correct
incorrect
Increasing convergence in economic policy, creation of the European Central Bank and the introduction of a single currency
correct
incorrect
None of the above
correct
incorrect
*
not completed
How did the French and German positions on monetary union differ?
Germany wanted a highly independent European Central Bank and strong monetary discipline
correct
incorrect
Germany wanted the European Central Bank to coordinate closely with national finance ministers
correct
incorrect
France preferred the name 'euro' for the new currency, while Germany preferred 'ecu'
correct
incorrect
France favoured a rigid application of the budget deficit limits
correct
incorrect
*
not completed
Which four member states did not participate in the euro when it was launched in 1999?
Britain, Denmark, Portugal, and Greece
correct
incorrect
Britain, Portugal, Sweden, and Greece
correct
incorrect
Britain, Denmark, Sweden, and Portugal
correct
incorrect
Britain, Denmark, Sweden, and Greece
correct
incorrect
*
not completed
Which of the following is
not
part of the convergence criteria?
Having no budget deficit for three years running
correct
incorrect
Maintaining a level of inflation not more than 1.5% above an agreed baseline
correct
incorrect
Maintaining interest rates not more than 2% above an agreed baseline
correct
incorrect
Maintaining exchange rates within the ERM band for two years
correct
incorrect
*
not completed
True or false: The 2004 enlargement committed all of the new member states to becoming members of the single currency.
False
correct
incorrect
True
correct
incorrect
*
not completed
Which Euro Group state was the first to receive financial assistance from the EU in an attempt to stabilize a serious national economic crisis?
Portugal
correct
incorrect
Latvia
correct
incorrect
Ireland
correct
incorrect
Greece
correct
incorrect
*
not completed
True or False: Post-crisis reforms in the Eurozone have tended to reflect French and debtor state preferences.
True
correct
incorrect
False
correct
incorrect
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