Which of the Following Best Defines an Optimum Currency Area

question 36

Multiple Choice

Which of the following best defines an optimum currency area?

• A) a group of nations sharing the same currency
• B) a group of regions in close proximity to each other
• C) a group of regions who operate under similar economic policies
• D) a group of regions with economies closely linked by factor mobility and by trade in goods and services
• E) a group of nations that engage in free trade with each other

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Definitions:

Contempt

An intense feeling of disdain or scorn for someone or something considered to be inferior or worthless.

Paranoid

A mental state or trait characterized by excessive suspicion and distrust of others without sufficient basis.

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, a comprehensive classification system for mental disorders published by the American Psychiatric Association.

Diagnosing Disorders

The process of identifying and classifying individual's behavioral, emotional, or cognitive dysfunctions into specific disorders based on established criteria.