The Fixing of Exchange Rates in Europe Means That

question 47

Multiple Choice

The fixing of exchange rates in Europe means that

• A)each country no longer has control over its monetary policy.
• B)when one country is in a recession they will all be in a recession.
• C)each country no longer needs a central bank.
• D)each country no longer has control over its monetary or fiscal policy.
• E)inflation will be higher in Europe.

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Definitions:

Interdependent

A state in which two or more entities rely on each other for support, survival, or functioning.

Innate

Describes qualities or abilities present from birth, not acquired later.

Universal

A concept or condition that applies to all members of a given category or thing, without exceptions.

Linguistic-Relativity Hypothesis

A theory suggesting that the structure of a language affects its speaker's worldview or cognition.