In 1999, the European Union (EU) Introduced the Euro, a Currency

Multiple Choice

In 1999, the European Union (EU) introduced the euro, a currency that would eventually create a fixed exchange rate system among EU members. Which of the following effects will NOT be produced by the euro?

A) A common monetary policy for the European Union countries.
B) Greater monetary policy flexibility for individual European Union countries.
C) Reduced foreign exchange market speculation.
D) Increased foreign exchange rate stability.