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:

Altered State

A condition of significant deviation from one’s normal mental or physical state, due to influences like meditation, drugs, or hypnosis.

Consciousness

The state of being aware of and able to think about one's environment, thoughts, feelings, and sensations.

Circadian Rhythms

Natural, internal processes that regulate the sleep-wake cycle and repeat roughly every 24 hours.

Body Temperature

A measure of the body's ability to generate and get rid of heat, indicative of the physical state of the body, typically around 37°C (98.6°F) in humans.