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Euro: Quiz


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Question 1: The definitive values in euro of these subdivisions (which represent the ________ at which the currency entered the euro) are shown at right.
Foreign exchange reservesFixed exchange rateExchange rateForeign exchange market

Question 2: In 2009 Zimbabwe announced to abandon its local currency and use major currencies instead including the euro and the ________.
HawaiiUnited States dollarFederal Reserve SystemLouisiana

Question 3: ________ trade in a commodity across borders purely to exploit the price differential.
Short (finance)Efficient-market hypothesisStock marketSpeculation

Question 4: The notes and coins for the old currencies, however, continued to be used as ________ until new euro notes and coins were introduced on 1 January 2002.
United KingdomPound sterlingLegal tenderIndian rupee

Question 5: [60] In February 2010, concerns over the solvency of ________ prompted fears that the monetary union may end, causing a rapid drop in the exchange rate against the dollar.

Question 6: As an independent central bank, the ECB has sole authority to set ________.
Monetary policyTax havenOpen market operationsFederal Reserve System

Question 7: The absence of distinct currencies also removes ________ risks.
Foreign exchange reservesForeign exchange marketExchange rateFixed exchange rate

Question 8: Board of Governors of the ________. Retrieved 2009-12-13.
Central bankFederal Reserve SystemUnited States dollarGreat Depression

Question 9: Since its introduction, the euro has been the second most widely-held international ________ after the U.S.
Reserve currencyUnited States dollarBretton Woods systemJapanese yen

Question 10: [note 15] Based on IMF estimates of 2008 ________ and purchasing power parity among the various currencies, the Eurozone is the second largest economy in the world.
EconomicsHeterodox economicsGross domestic productJEL classification codes

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