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What is the major product of the reaction shown below?
Trade Deficit
Occurs when a country's imports exceed its exports, leading to a negative balance of trade.
Individual Nations
Refers to sovereign states, each with its own government and political boundaries, recognized in international law.
Monetary Policy Independence
The ability of a country's central bank to implement its own monetary policy decisions without external influences.
Common Currency
A currency that is used by multiple countries, facilitating trade and financial transactions between them.
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