AS PART OF THE DECEMBER 1991 MAASTRICT TREATY OF EUROPEAN UNION,...

111) - TEST BANK CHAPTER 3 WHAT IS MONEY? TÀI CHÍNH TIỀN TỆ
TEST BANK CHAPTER 3 WHAT IS MONEY? TÀI CHÍNH TIỀN TỆ

111) As part of the December 1991 Maastrict Treaty of European Union, the exchange rates of countries

entering the monetary union, starting January 1, 1999, were

(a) fixed permanently to the euro.

(b) allowed to float for the next six months before being fixed permanently to the euro.

(c) allowed to float for the next year before being fixed permanently to the euro.

(d) allowed to float permanently against the euro.

Answer: A