For Participating Countries,a Drawback of a Single Currency in Europe

question 113

Multiple Choice

For participating countries,a drawback of a single currency in Europe is that

• A) costs for doing business will increase.
• B) it will be more difficult to attract imports.
• C) national authorities will lose control over monetary policy.
• D) it will be more difficult to compare prices across Europe.
• E) foreign currency exchanges will have to be made through the European Central Bank in Frankfurt.

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Definitions:

Constitutional Rights

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Climate Change

A long-term alteration of temperature and typical weather patterns in a place, often attributed to human activities and fossil fuel consumption.

Clean Air Act

A major US federal law aimed at controlling air pollution and maintaining air quality standards.

Wastes Removal

The process of collecting, transporting, processing or disposing of unwanted materials and substances.