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Author Question: Why is the eurozone called a currency union? What will be an ideal ... (Read 51 times)

jhjkgdfhk

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on: Jun 30, 2018
Why is the eurozone called a currency union?
 
  What will be an ideal response?

Question 2

In practice, the Federal Reserve keeps the discount rate close to the ________ rate in order to avoid large swings in borrowed reserves by banks.
 
  A) inflation B) prime
  C) six-month Treasury bill D) federal funds


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taylorsonier

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Reply #1 on: Jun 30, 2018
Answer to Question 1

Since January 1, 1999, several European countries excluding the United Kingdom have been part of the eurozone, which means that they use the same currency, the euro. This is referred to as a currency union, a form of fixed exchange rate, in which, by using the same currency, all of these economies are pegging their exchange rates to each other.

Answer to Question 2

D


jhjkgdfhk

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

sultansheikh

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Reply 3 on: Yesterday
Excellent

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