What is one difference between the financial crisis situations faced in 2010 by the European Central Bank and the U.S. Federal Reserve within their respective economies?
A) Most European countries had government budget deficits, while the United States did not.
B) Unemployment was a large concern in the United States but it was not a concern in the European Union.
C) The EU was still trying to gain stability and credibility for its currency, the Euro, which was then a relatively new currency, whereas the U.S. dollar had a long history of relative stability.
D) The U.S. was dealing with a currency (the U.S. dollar) that was fluctuating widely in value as the crisis began, while the European Union had a very stable currency (the Euro) that was used throughout the EU.
Correct Answer:
Verified
Q2: Which action by the Federal Reserve is
Q33: Federal Reserve Chairman Ben Bernanke was not
Q78: What is the difference between the Eurozone
Q107: Which country was NOT bailed out by
Q125: If the economy has high levels of
Q180: During the last financial crisis, the Federal
Q183: What was the chain of events that
Q185: Actions taken by the European Central Bank
Q186: Which of the following is considered to
Q201: Which of these is a challenge that
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents