EU and EMU

what is the primary legislative body of the European Union?

• The European Parliament

• The European Council

• The European Commission

• The court of Justice of the European Union

Which of the following is NOT a part of the Eurozone?

• France

• Italy

• Sweden

• Spain

What is the main purpose of the European Central Bank?

• To manage the foreign policy of the EU

• To oversee the monetary policy of the Eurozone

• To regulate the European stock market

• To handle the EU's budgetary allocations

When was the Euro introduced as a physical currency?

• 1992

• 1999

• 2002

• 2004

How many countries in the EU have adopted the Euro as their official currency?

• 19

• 21

• 27

• 24

What is a key criteria for a country to join the Eurozone?

• A stable and low inflation rate

• No national debt

• A large military force

• English as an official language

Which of the following is a benefit of the Euro as a common currency

• Increased military cooperation

• Easier travel and trade between member countries

• uniform taxation rates across the Eurozone

• Decreased need for diplomatic relations

Which of the following is not a founding member of the European Union?

• Belgium

• Germany

• Portugal

• Italy

What is one of the challenges faced by the Eurozone concerning monetary policy?

• The requirement for all countries to have the same tax rates

• The obligation for all member states to adopt the Euro within five years of joining the EU

• The prohibition of trade with non-Eurozone countries

• The inability to set different interest rates for different countries

What is a criticism related to Eurozone's economic policies?

• They are too focused on environmental sustainability

• They favour wealthier member states at the expense of poorer ones

• They discourage international trade

• They require unanimous agreement for all decisions