According to the Theory of Optimal Currency Areas, There Are

question 90

Multiple Choice

According to the theory of optimal currency areas, there are gains to be achieved from sharing a currency across national boundaries.These gains include

• A) higher transactions costs.
• B) greater uncertainty for investors.
• C) monetary policies run by central banks of member nations.
• D) enhanced competition.

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Definitions:

Agreeableness

A personality trait characterized by compassion, cooperativeness, and a desire to get along with others.

Five-Factor Model

A comprehensive model that outlines five broad dimensions of personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Neuroticism

A personality trait associated with negative emotions such as anxiety, fear, moodiness, worry, envy, frustration, jealousy, and loneliness.

Emotionally Stable

Pertains to individuals who have a consistent control over their emotions and can handle stress or challenging situations without extreme reactions.