EU Will Not Object to Budget Cuts by France, Italy

EU Will Not Object to Budget Cuts by France, Italy

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The European Union has approved the 2015 budgets for its member nations, following adjustments by Italy and France. Meanwhile, North Korean leader Kim Jong Un has reportedly executed several senior officials for various charges. In the U.S., the Federal Reserve is expected to end its third round of quantitative easing, shifting focus to future interest rate hikes.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What action did France take to address its budget deficit for 2015?

Reduced its deficit by €3.6 billion

Reduced its deficit by €3.5 billion

Increased spending by €3.5 billion

Increased taxes by €3.6 billion

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What unusual charge was reportedly used against North Korean officials executed by Kim Jong Un?

Embezzlement

Watching South Korean soap operas

Espionage

Corruption

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What significant financial program is the Federal Reserve expected to conclude?

Bond selling program

Quantitative Easing 3

Currency devaluation

Interest rate hikes

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much has the Federal Reserve spent on bond purchases since the start of QE3?

$1 trillion

$2 trillion

$4 trillion

$3 trillion

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the anticipated focus of investors following the end of QE3?

Real estate market

Gold prices

Central Bank's interest rate decisions

Stock market trends