Author Question: Why did the euro not work for trade during the 1990s? a. It had no single political authority. ... (Read 58 times)

james0929 · **on:** Sep 4, 2018

Why did the euro not work for trade during the 1990s?

a. It had no single political authority.
b. It included transaction costs.
c. It did not allow for easy currency change.
d. It was never a reserve currency.
e. It was unable to balance taxes and government spending.

Question 2

Which of the following is an example of countries both lowering their tariffs to each other and building a common tariff toward the outside world?

a. NAFTA
b. original EEC
c. EU
d. KFOR
e. Zollverein