To Eliminate the Need to Continually Monitor Currency Exchange Rates

question 202

Multiple Choice

To eliminate the need to continually monitor currency exchange rates, 16 of the countries in the European Union (EU) have adopted a common currency, which is called the

• A) pound.
• B) franc.
• C) euro.
• D) mark.
• E) dollar.

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Definitions:

Craft Unions

Organizations of skilled workers in the same trade or craft aiming to negotiate collectively for better wages, working conditions, and hours.

Industrial Unions

Unions that organize workers across all crafts and trades within a single industry.

New Deal Era

A period in American history during the 1930s in which President Franklin D. Roosevelt implemented a series of economic interventions designed to recover from the Great Depression, including job creation programs, financial regulations, and social welfare initiatives.

Organized Labor

Associations of workers united to protect and further their rights and interests; also known as labor unions.