The Major Factor Contributing to the Depreciation of the Euro

question 61

Multiple Choice

The major factor contributing to the depreciation of the Euro in 1999 and 2000 was:

• A)low interest rates in the U.S. relative to Europe.
• B)high interest rates in the U.S. relative to Europe.
• C)trade barriers in Europe.
• D)none of the above.

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Definitions:

Technological Advances

Progress in technology that enhances methods of production, improves efficiency, and brings new inventions to society.

Depression

A common but serious mood disorder that affects how you feel, think, and handle daily activities, characterized by persistent sadness and a lack of interest or pleasure in activities.

Anxiety

A state of apprehension, tension, or fear resulting from the anticipation of a real or imagined threat.

Psychobabble

A pejorative term for language that uses psychological terminology or concepts in a vague, jargon-filled, or simplistic manner, often to impress or mislead.