mckaywest11e

Quiz for Living in the Past: The Euro

1. Which of these countries accepted the main terms of the Maastricht Treaty but refused to adopt the euro?

Germany

Italy

Britain

Spain

Correct. The answer is c. Many in Britain feared that adoption of the euro would create economic problems and undermine national autonomy.

Incorrect. The answer is c. Many in Britain feared that adoption of the euro would create economic problems and undermine national autonomy.

2. What requirements did EU members need to meet if they wanted to join the Eurozone?

They needed to uphold the terms of the UN Universal Declaration of Human Rights.

EU members automatically were included in the Eurozone as soon as they applied.

They needed to pledge to participate in EU diplomatic initiatives.

They needed to keep inflation low, government spending down, and government deficits small.

Correct. The answer is d. As of 2013, the stringent economic conditions for Eurozone membership kept a number of EU members out.

Incorrect. The answer is d. As of 2013, the stringent economic conditions for Eurozone membership kept a number of EU members out.

3. How did the euro currency reflect both European unity and diversity?

Each country had some input into the currency’s final design.

It was identical in many ways to national currencies, with the main difference being that it was accepted in many countries.

It had a map of Europe on one side and individual national symbols on the other.

Responsibility for minting new bills and coins was given to each member nation on a rotating basis.

Correct. The answer is c. Thus, the design of euro bills and coins minted in each nation differs in the images on the back.

Incorrect. The answer is c. Thus, the design of euro bills and coins minted in each nation differs in the images on the back.