Which of the Following Statements Concerning the Economic and Monetary

question 21

Multiple Choice

Which of the following statements concerning the Economic and Monetary Union (EMU) is INCORRECT?

• A) It officially began in 1999.
• B) It involves a Europe-wide monetary policy and a single currency.
• C) All EU members are obligated to join the EMU.
• D) Its goals include ensuring price stability and making easier the flow of goods and services among member states.
• E) It is organized around a European System of Central Banks and a European Central Bank.

---

Definitions:

Radio Frequency (RFID) Tags

Small electronic devices that use radio waves to transmit data for the purpose of identifying and tracking objects.

Electricity Conduct

The ability of a material to allow the flow of electrical current through it; essential for the functioning of electronic devices and power transmission.

Technological

Relating to or involving technology, especially concerning the development, application, and impact of technological devices and systems.

Connected Refrigerator

A type of smart appliance that uses internet connectivity to offer additional features such as inventory tracking and remote control.