Question 1
The French franc is one of the European currencies that was taken out of circulation and replaced by the euro.
◦ true
◦ false
Question 2
The global financial system is the collective of financial institutions that facilitate and regulate investment and capital flows and make possible massive trading of currencies and financial assets. It reflects the activities of companies, banks, and financial institutions, all engaged in ongoing financial activity.
◦ true
◦ false