EU - EMU

In which year were EURO banknotes and coins introduced?

• 1990

• 1999

• 2000

• 2002

Which of these countries was NOT a member of the "Latin Monetary Union" from 1865-1927?

• France

• Italy

• Switzerland

• Greece

What is the "EMS"?

• Economic and Money System

• European Monetary System

• European Money Shipping

• Euro Marseilles Switzerland

How many stages to Economic and Monetary Union were proposed by the Delors Report?

• 1

• 2

• 3

• 4

Which of the following is NOT one of the Maastricht convergence criteria?

• Annual inflation rates should be no higher than 5%

• Budget deficits should not be more than 3% of GDP

• Long-term interest rates should be no more than 2% above those of the 3 best performing EMU states

• Public debt should be no more than 60% of GDP

Which of the following countries did NOT adopt the EURO currency in 2002?

• Germany

• Denmark

• Italy

• Belgium

Which was the first post-communist state to join EMU?

• Slovenia

• Estonia

• Poland

• Czechia

What is an "OCA"?

• Optimum Currency Area

• Ordinary Currency Area

• Ordinary Cash Advance

• Ordinary Commission Advance

Where is the European Central Bank located?

• Brussels

• Strasbourg

• Luxembourg

• Frankfurt

What is the largest denomination EURO banknote?

• 50

• 100

• 500

• 1000