According to the Theory of Optimal Currency Areas,there Are Gains

question 170

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) more uniform prices and lower transactions costs
• B) greater certainty for investors and enhanced competition
• C) a single monetary policy run by an independent central bank
• D) all of the above

---

Definitions:

Elimination Strategy

A problem-solving approach that systematically removes options to find the best solution.

Functional Fixedness

A cognitive bias that limits a person's ability to use an object only in the way it is traditionally used, hindering problem-solving and creativity.

Language Acquisition

The process by which humans gain the ability to perceive, produce, and use words to communicate.

Violent Acts

Behaviors that involve force or the threat of force against others, often resulting in harm or injury.