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.

---

Definitions:

Animals

Living organisms that feed, breathe, and grow, which can move and reproduce, distinct from plants and inanimate objects.

Oedipus Complex

A Freudian concept describing a child's feelings of desire for the opposite-sex parent and jealousy and rivalry with the same-sex parent.

Sibling Rivalry

Competition, jealousy, and conflict between siblings for parental attention, affection, or recognition.

Physical Inferiority

A perceived or actual physical weakness or inadequacy compared to others.