Compared to a System of Fixed Exchange Rates,currency Unions Are

question 31

Multiple Choice

Compared to a system of fixed exchange rates,currency unions are beneficial because they

• A)allow exchange rates to float.
• B)allow every country to have an independent monetary policy.
• C)reduce the costs of trading goods and assets.
• D)restrict what countries can do with fiscal policy.

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Definitions:

Parasympathetic

Part of the autonomic nervous system responsible for regulating the body's rest and digest response.

Central

Relating to the center or most important part.

Autonomic Nervous System

The part of the nervous system that controls involuntary bodily functions, including heart rate, digestion, and respiratory rate.

Central Nervous System

The complex of nerve tissues that controls the activities of the body, principally consisting of the brain and spinal cord.