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:

Neuroticism

A personality trait characterized by anxiety, fear, moodiness, worry, envy, frustration, jealousy, and loneliness.

Competence

The ability to effectively perform or achieve a task or role to a specified standard.

Inborn Capacities

Natural abilities or talents that individuals are born with, not acquired through learning or experience.

Potentialities

The inherent capacities for growth, development, or coming into being, often yet to be realized or acted upon.