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The Euro



The following questions are included in the quiz:

1. The euro was introduced as official currency in:
  1.  1995
  2.  1997
  3.  2001
  4.  2003

2. All European Union countries use the euro as their official currency.
  1.  True
  2.   False

3. As of 2015, the European Monetary Union has ________ member states.
  1.  12
  2.  15
  3.  19
  4.  23
  5.  28

4. The latest new member of the European Monetary Union is:
  1.  Latvia
  2.  Estonia
  3.  Greece
  4.  Bulgaria
  5.  Lithuania

5. Which of the following countries is NOT a member of the European Monetary Union?
  1.  Norway
  2.  Luxembourg
  3.  Ireland
  4.  Finland
  5.  Malta

6. The headquarters of the European Central Bank are in:
  1.  Paris
  2.  Frankfurt
  3.  Vienna
  4.  London
  5.  Berlin

7. As of 2014, the President of the European Central Bank is:
  1.  Aland Greenspan
  2.  Christine Lagarde
  3.  Mario Draghi
  4.  Jean-Claude Trichet

8. The combined population of the member countries of the European Monetary Union is about:
  1.  150 million
  2.  250 million
  3.  350 million
  4.  450 million
  5.  550 million

9. The combined GDP of the member countries of the European Monetary Union is about:
  1.  5 trillion euro
  2.  10 trillion euro
  3.  15 trillion euro
  4.  20 trillion euro
  5.  25 trillion euro

10. The objective of the European Central Bank is to:
  1.  Maintain low inflation (up to 2 percent) in the euro area
  2.  Maintain low unemployment (less than 6 percent) in the euro area
  3.  Maintain low inflation and low unemployment

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