One explanation for the continuing decline in the value of the Euro in 2001 was ________________.
A) the world was entering a recession and investors preferred the Swiss Franc
B) the terrorist attacks of September 11, increased the vulnerability of Europe
C) the Euro was seen as a temporary unit because the British refused to use it
D) The Euro zone was economically weaker than the U.S
E) The U.S. dollar was seen as a safe haven in times of trouble

Question

Quizplus · Accepted Answer

The U.S. dollar was seen as a safe haven in times of trouble, which led to a continuing decline in the value of the Euro in 2001.

One Explanation for the Continuing Decline in the Value of the Euro