The Fixing of Exchange Rates in Europe Means That

question 47

Multiple Choice

The fixing of exchange rates in Europe means that

• A)each country no longer has control over its monetary policy.
• B)when one country is in a recession they will all be in a recession.
• C)each country no longer needs a central bank.
• D)each country no longer has control over its monetary or fiscal policy.
• E)inflation will be higher in Europe.

---

Definitions:

Stimulant

A substance that raises levels of physiological or nervous activity in the body, commonly used to enhance alertness, attention, and energy.

Amphetamines

A class of stimulant drugs that increase activity in the brain and have effects such as increased energy and alertness.

Mescaline

A hallucinogenic drug derived from certain cacti, notably the peyote cactus.

Stimulants

Drugs that speed up activity in the central nervous system.