Which of the Following Is True

question 6

Multiple Choice

Which of the following is true?

• A)The euro has become the official reserve asset of the world.
• B)A currency board has many of the benefits of full dollarization and, under a currency board, seigniorage is not lost.
• C)In the future, it is expected that the major industrial powers will return to a fixed exchange rate system as they further coordinate monetary policies.
• D)Electronic payments are cheaper and therefore increase the amount of seigniorage earned by the government.

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Definitions:

Consider Themselves

The process by which individuals reflect upon and assess their own identity, qualities, and beliefs.

Adults

Individuals who have reached the age at which they are considered legally responsible for their actions, typically marked by the attainment of a certain age.

Two Thirds

A fraction representing two parts of a whole divided into three equal parts.

Skin Changes

Alterations in the skin’s appearance, texture, or health, which may indicate underlying conditions or the effects of aging.