Euro．（上海财经大学)

How much per person will the trip cost？

A．About 215 pounds.

B．About 250 pounds.

C．About 215 Euro.

D．About 250 Euro.

e Europe an Central Bank in dealing with the international markets.

B．People in most European countries refused to use Euro instead of their own currency.

C．Counterfeiters made a lot of fake notes since people were not familiar with the new currency.

D．Some countries are not ready for the Euro. They stopped using Euro in daily purchasing.

Why did the worth of euro drop？

A．It dropped due to the weakness of the eurozone economies and the inexperience of the European Central Bank in dealing with the international markets.

B．People in most European countries refused to use euro instead of their own currency.

C．Counterfeiters made a lot of fake notes since people were not familiar with the new currency.

D．Some countries are not ready for the euro. They stopped using euro in daily purchasing.

statement of mistrust in the euro. It distanced itself from the stagnant economic performance of the euro zone, and flatly refused to place its monetary future under the sway of big countries like France and Germany, who have bent the euro's rules to suit themselves.

Which of the following statements is NOT true of the euro？

A．Sweden refuses to join the euro framework.

B．Some big countries tailor the euro's roles to their own benefits.

C．Euro is not a reliable currency in the world market.

D．The euro zone is suffering from a sluggish economy.

d you tell us the origin of the Euro？

M: Well, the 1992 Maastricht Treaty proposed a single currency between the European Union. The participating countries decided on the name "Euro" at a summit in Madrid in 1995 and the currency was launched on January 1, 1999.

W: What is it worth？

M: When the Euro was launched in 1999, one Euro was worth 1.17 US dollars or 71 British pence. However, the weakness of the Euro zone economies compared with that of the United States, combined with the inexperience of the European Central Bank in dealing with the international markets, has meant that since its launch the value of the Euro had declined significantly. In December 2001, one Euro was worth little more than 89 cents or 63 pennies, a 20 percent drop on its initial value.

W: Do you think it will affect the daily life of ordinary people？

M: I suppose so. For example, one of the major headaches for participating countries has been the conversion of public telephones, vending machines, and shopping trolleys to accept Euro coins. Although a conversion process has been in full swing since before 1999, there are reports that some countries are not ready for the Euro.

W: So what does it look like？

M: There are seven notes designed by the Austrian artist Robert Kalina. The designs show the "seven ages" of European development, with windows and gateways on the front, and bridges on the back. In addition, there are eight coins designed by the Belgian artist Luc Luycx. All Euro coins are round, but have differences in composition, weight, thickness, and milling to ensure that the blind can easily distinguish between them. On the front there is a European design, common to all coins, and on the back a "national" design from the central bank of issue. Despite the "national identities", all coins can be spent throughout the Euro zone regardless of their origin.

When was euro launched？

A．1992

B．1995

C．1999

D．2001

could you tell us the origin of the Euro？

M: Well, the 1992 Maastricht Treaty proposed a single currency between the European Union. The participating countries decided on the name "Euro' at a summit in Madrid in 1995 and the currency was launched on January 1, 1999.

W: What is it worth？

M: When the Euro was launched in 1999, one Euro was worth 1.17 US dollars or 71 British pence. However, the weakness of the Euro zone economies compared with that of the United States, combined with the inexperience of the European Central Bank in dealing with the international markets, has meant that since its launch the value of the Euro had declined significantly. In December 2001, one Euro was worth little more than 89 cents or 63 pennies, a 20 percent drop on its initial value.

W: Do you think it will affect the daily life of ordinary people？

M: I suppose so. For example, one of the major headaches for participating countries has been the con version of public telephones, vending machines, and shopping trolleys to accept Euro coins. Al though a conversion process has been in full swing since before 1999, there are reports that some countries are not ready for the Euro.

W: So what does it look like？

M: There are seven notes designed by the Austrian artist Robert Kalina. The designs show the "seven ages" of European development, with windows and gateways on the front, and bridges on the back. In addition, there are eight coins designed by the Belgian artist Luc Luycx. All Euro coins are round, but have differences in composition, weight, thickness, and milling to ensure that the blind can easily distinguish between them. On the front there is a European design, common to all coins, and on the back a "national" design from the central bank of issue. Despite the "national identities'', all coins can be spent throughout the Euro zone regardless of their origin.

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A．1992

B．1995

C．1999

D．2001

Exchange Equalization Fund．(上海财经大学)

Cross Rate(上海财经大学)