Why Did Great Britain Initially Refuse to Join the European

question 41

Multiple Choice

Why did Great Britain initially refuse to join the European Economic Community (EEC) established by Italy, France, Germany, Belgium, Luxembourg, and the Netherlands in 1957?

• A) The other countries refused to base the EEC's administration in London.
• B) It did not want to join in the establishment of a single European currency.
• C) It opposed German membership.
• D) It flinched at the prospect of losing status through absorption into the European continent.

---

Definitions:

Compound Interest

A method of interest calculation on a loan or deposit that involves both the initial principal and the cumulative interest from earlier periods.

Initial Investment

The initial amount of money invested in a project, property, or business to start operations.

Required Rate

The minimum return an investor expects to achieve when investing in a project or security.

Annuity

A financial product that provides a series of payments at fixed intervals, often used for retirement savings or income generation.