Chapter 20

Instructions

Choose your answers from a-d by clicking the radio button next to each choice and then press 'Submit' to get your score.

Question 1

Which one of the following is not a component of EMU?

a) European Monetary System and ECU

b) European Central Bank

c) The Ecofin Council

d) Euro group

Question 2

Which of the following is not one of the convergence criteria?

a) Inflation rate

b) Government deficit

c) Interest rate

d) Monetary policy

Question 3

What is the neofunctionalist perspective on EMU?

a) The bargaining behaviour of the largest member states such as Germany in establishing EMU

b) From the snake to EMU, it is spillover, thus a natural step.

c) EMU is an Optimum Currency Area (OCA).

d) It is an instance of regionalization.

Question 4

Why is the EMU criticized?

a) The issues of legitimacy and accountability (e.g. the ECB)

b) Elimination of transaction costs

c) Strong monetary policy

d) The independence of the ECB

Question 5

What set out a plan to introduce the EMU in three stages and included the creation of institutions like the European System of Central Banks (ESCB)?

a) Delors Report

b) The Treaty of Maastricht

c) One market, One money

d) The Road to Maastricht

Oxford University Press, Online Resource Centre, Chapter 20.

Chapter 20

Instructions

Question 1

Question 2

Question 3

Question 4

Question 5