The euro, a common currency for most of the nations of Western Europe, was introduced
A) before 1900.
B) before 1990.
C) before 2000.
D) in order to snub the pride of the U.S.
E) in order to fix currencies in terms of the U.S dollar.
C
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Investment spending accounts for nearly 60 percent of U.S. GDP.
Answer the following statement true (T) or false (F)
Explain whether each of the following variables is a lagging, leading, or coincident indicator: In each case, is the economy likely in a recession, heading for a recession, in an expansion, or heading for an expansion?
a. Industrial production is falling. b. The number of building permits issued for new private housing units begins to decline. c. The number and amount of commercial and industrial loans start to rise. d. The average prime interest rate charged by banks begins to fall. e. The M2 money supply begins to rise.
If the MPC is 0.6, then the MPS must be 0.4 for Macroland
Indicate whether the statement is true or false
In a negative income tax program, the higher the income earned, the higher will be the family's after-tax income
Indicate whether the statement is true or false