Stage 5 Testing 2:True-False Statements
In this part of the test,you will read ten statements about the information presented in the lecture.First read the statement carefully.Then check your notes to decide whether the statement is true or false.If it is true,write a T in the blank space before the statement; if it is false,write an F in the blank.
1._______The Eurozone has a larger population than the United States does.
2._______Both the Paris treaty and the Treaty of Rome made mention of an economic and monetary union.
3._______The European Monetary System was established to monitor member countries’ budget deficits,debt ratios,inflation levels and interest rate levels.
4._______The European Currency Unit was the precursor to the euro.
5._______The central bank of the Eurozone took responsibility for formulating monetary policies for member countries in line with their respective situations.
6._______When the euro was introduced to the market,one euro was exchanged for one ECU.
7._______Investors were not able to trade stocks in euros until January 1,2002.
8._______During the three years from January 1999 to January 2002,the euro,the mark,the franc,the lira and the guider coexisted.
9._______As a foreign tourist,you may find it more expensive to travel within the euro area.
10._______George Soros suggests that the euro is the culprit of the European sovereign debt crisis that began in 2008.