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Author Question: Provide a short account of how the Euro came in to existence? When were the first agreements ... (Read 59 times)

go.lag

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on: Jun 30, 2018
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


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Beatricemm

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Reply #1 on: Jun 30, 2018
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

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Reply #2 on: Jun 30, 2018
Thank you :)


Beatricemm

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Reply #3 on: Jun 30, 2018
Happy to help you


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