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EU - EMU

Total questions: 10

Worksheet time: 2mins

Name
Class
Date
1.

In which year were EURO banknotes and coins introduced?

a)

1990

b)

1999

c)

2000

d)

2002

2.

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

a)

France

b)

Italy

c)

Switzerland

d)

Greece

3.

What is the "EMS"?

a)

Economic and Money System

b)

European Monetary System

c)

European Money Shipping

d)

Euro Marseilles Switzerland

4.

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

a)

1

b)

2

c)

3

d)

4

5.

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

a)

Annual inflation rates should be no higher than 5%

b)

Budget deficits should not be more than 3% of GDP

c)

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

d)

Public debt should be no more than 60% of GDP

6.

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

a)

Germany

b)

Denmark

c)

Italy

d)

Belgium

7.

When did Latvia adopt the EURO?

a)

2014

b)

2004

c)

1999

d)

2005

8.

What is an "OCA"?

a)

Optimum Currency Area

b)

Ordinary Currency Area

c)

Ordinary Cash Advance

d)

Ordinary Commission Advance

9.

Where is the European Central Bank located?

a)

Brussels

b)

Strasbourg

c)

Luxembourg

d)

Frankfurt

10.

What is the largest denomination EURO banknote?

a)

50

b)

100

c)

500

d)

1000