Multiple Choice
Which of the following was not something that several European nations did or experienced when they became members of the eurozone?
A) They eliminated their own local currencies and adopted a single common currency.
B) They in essence fixed their exchange rates with one another, at a 1-to-1 peg.
C) Cross-border trade among members suffered a huge decline.
D) They gave up control of their own individual monetary policy.
Correct Answer:
Verified
Correct Answer:
Verified
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