The Birth of the Euro on January 4, 1999, Was

Multiple Choice

The birth of the euro on January 4, 1999, was smooth and uneventful in terms of both market volatility and operations. Several notable outcomes resulted from this event including: ________.

A) The birth of the euro proved impossible.
B) The birth of the euro proved unstable.
C) The birth of the euro also gave birth to a large public and corporate capital market denominated in the euro.
D) The birth of the euro created differences in currency risk.