Which of the following countries does NOT use the euro? A) Estonia B) Belgium C) Finland D) United Kingdom
In 2012,the European Central Bank bought the debt of which nation? A) the United States B) France C) Spain D) Germany
The "troika" that helped Greece avoid defaulting on its debt included all of the following EXCEPT the A) IMF. B) European Central Bank. C) World Bank. D) European Commission.
One reason for the controversy surrounding the decision by the European Central Bank to buy Greek bonds was that A) it may increase moral hazard by encouraging other European governments to issue more debt than private investors were willing to buy. B) it may increase adverse selection by encouraging other European governments to issue more debt than private investors were willing to buy. C) it may result in higher risk premiums as private investors anticipate a default by Greece. D) it may worsen the Greek recession by increasing Greek interest rates.