List and Explain the Three Attributes (Often Referred as the Impossible

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The Answer is If the ideal currency existed in today's world, it would possess the following three attributes, often referred to as the impossible trinity:
1) Exchange rate stability: the value of the currency is fixed (and relatively certain) in relationship to other major currencies.
2) Full financial integration: complete freedom of monetary flows would be allowed.
3) Monetary independence: domestic monetary and interest rate policies would be set by each individual country to pursue desired national economic policies. These qualities are termed the impossible trinity because the forces of economics do not allow a country to simultaneously achieve all three goals.

List and Explain the Three Attributes (Often Referred as the Impossible

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