Which of the Following Best Defines an Optimum Currency Area

question 36

Multiple Choice

Which of the following best defines an optimum currency area?

• A) a group of nations sharing the same currency
• B) a group of regions in close proximity to each other
• C) a group of regions who operate under similar economic policies
• D) a group of regions with economies closely linked by factor mobility and by trade in goods and services
• E) a group of nations that engage in free trade with each other

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Definitions:

Otitis

Inflammation or infection of the ear.

Tympanic

Relating to the tympanum or eardrum, part of the middle ear involved in hearing.

Vestibule

An entrance hall or other open area in a building used by the public, particularly the space at the entrance to a structure.

Organ of Corti

The Organ of Corti is the sensory organ located within the cochlea of the inner ear, responsible for converting sound vibrations into neural signals.