Provide a short account of how the Euro came in to existence? ...

[go.lag]

Provide a short account of how the Euro came in to existence? When were the first agreements reached? When was it established as a unit of account? When did it start circulating?
 
  What will be an ideal response?

Question 2

What does it mean for a loan to be in default?
 
  A) when the borrower of the a loan fails to repay on schedule according to a loan contract, without the agreement of the lender
  B) when the borrower of a loan fails to repay on schedule according to a loan contract, with the agreement of the lender
  C) when the lender of a loan fails to supplies the full amount of a loan to the borrower
  D) when the lender of a loan supplies the full amount of a loan to a borrower without any promise of being repaid
  E) when the lender of a loan fails to offer the promised sum

[Beatricemm]

Answer to Question 1

March 1979, EMS is established; January 1994, the European Monetary Institute is formed; January 1st, 1999, the euro is established as a unit of account, and thus the currencies are fixed; January to July, 2002, the period in which the euro coexist with the disappearing currencies.

Answer to Question 2

A

[go.lag]

Thank you

[Beatricemm]

Happy to help you