1) What is the euro? a) The common currency of the world b) The common currency of all of Europe c) The common currency of EU members d) The common currency of banks 2) Which of the following are benefits of the euro? a) it is a stable currency allowing for safer spending and investments b) it eliminates the need for currency exchange making it easier to travel c) it makes it more difficult to comparison shop with member countries d) it makes it easier to compare prices and shop abroad e) it makes it riskier to trade with other countries 3) What is one disadvantage to the euro? a) there is not enough money for everyone b) not all the economies are strong and some countries do not want to bail others out c) the U.S. does not want to trade with them because they do not use the U.S. dollar for currency d) not all members have the same currency

EU Comp Check #2

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