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WorksheetsExchange unification and European Monetary Union
Total questions: 20
Worksheet time: 12mins
What does devaluation mean?
Loss of the nominal value of a current currency against other foreign currencies
It is to exceed the income, in a certain period.
Very high inflation, in which prices rise rapidly as the currency loses its value.
what is inflation?
Are earnings that emigrants send to their country of origin.
Macroeconomic measure that expresses the monetary value of the production of goods and services in a country.
Generalized increase in average prices in a country for a given period of time.
None of the above
Is the quality of assets to be converted into cash immediately without significant loss of value
Speculation
Redistribution
Liquidity
Generalized decrease in economic activity in a country or region, measured by the decline, in annual rate, of the real gross domestic product (GDP), over a prolonged period
I don´t know
Recession
Inflation
GDP
If, for example, the only measure that is adopted is a devaluation without it being accompanied by measures of fiscal and monetary discipline, what happened?
doesn´t say
will be an increase in prices in the short term,
the GDP increases
we have an equilibrium
Is the European Economic and Monetary Union (EMU) is a system made up of several European Union countries that share the same market, currency, and monetary policy?
True
False
The origin of the Economic and Monetary Union was in
(a)
Who is part of the European System of Central Banks (ESCB)?
European Central Bank
All the national central banks of the countries of the European Union
IMF
WB
When and where was the European Central Bank (ECB) created?
On June 1st, 1998
On may 1st, 1998
In Frankfurt, Germany
In Mexico City
How many countries belong to the euro, some of them are?
Germany, France, Greece, Slovakia, and Luxembourg.
15 countries
19 countries
Toluca, Russia and Dubai
When is the origin of the Economic Monetary Union tracked?
1970
1967
1951
1952
How many phases took the transition of the EMU?
4
3
5
2
When is the euro set as a legal tender currency?
March 2002
March 2003
February 2003
February 2002
When was the euro born?
1993
1990
1995
2000
Which are the principles of the introduction of the euro?
Legal equivalence between euro and national currency units
No obligation, no prohibition
Countity of contracts
Everybody must be happy
The exchange unification involves having a single exchange rate in a single currency management system
True
False
What is the difference between the ceiling and the floor in exchange rate unification?
Limits Maximum and minimum
Exchange control
Doesn´t say
Monetary authority
What is a currency?
Country that has problem with their currency
Currencies other than those of the country of origin.
Macroeconomic measure that expresses the monetary value of the production of goods and services in a country during a specified period of time.
Mexico
"Difficulty of not knowing who ends up accessing the currencies" Is a problem of some established systems?
True
Falso
In this way, the unification of the exchange rate will be a release from exchange control.
True
False
