The Four Freedoms Identified in the Economic and Monetary Union

question 35

Multiple Choice

The four freedoms identified in the economic and monetary union (EMU) include coordination of economic policies,creation of a European central bank,replacement of national monetary authorities,and:

• A)Adoption of the U.S.dollar as the common currency
• B)Adoption of the Euro as the common currency
• C)Establishment of a free trade area
• D)Adoption of Spanish as the common language
• E)Adoption of English as the common language

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Definitions:

Received

Refers to any amount of money received by a party or business, usually in the context of payments for goods or services.

Annually

Pertaining to an event or activity that occurs once every year.

New Home Prices

The selling prices of newly constructed homes currently on the market.

Cost

The amount of money required to purchase goods or services or the value consumed in the production of goods or services.