The European Economic and Monetary Union A) set up a single ...

[Metfan725]

The European Economic and Monetary Union
 
  A) set up a single currency and sole bank for European economic monetary policy.
  B) eliminated all barriers to trade such as tax differentials between borders.
  C) produced a single government for handling European affairs.
  D) created the Common Agricultural Pact.
  E) eliminated all local currencies in Western Europe.

Question 2

Some claim that the long and agonizing periods of speculation preceding exchange rate realignments would
 
  A) not occur under fixed exchange rate regime.
  B) not occur under floating.
  C) become more severe under currency board.
  D) become less severe under floating.
  E) be prolonged under floating.

[dominiqueenicolee]

Answer to Question 1

A

Answer to Question 2

D

[Metfan725]

Excellent

[robbielu01]

TYSM