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

question 38

Multiple Choice

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

• A)restrict what countries can do with fiscal policy.
• B)allow exchange rates to float.
• C)allow every country to have an independent monetary policy.
• D)eliminate the possibility of speculative attacks.

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Definitions:

Secondary Growth

This is the process in plants that results in the thickening of stems and roots, mainly due to the activity of the vascular cambium and cork cambium.

Xylem

The vascular tissue in plants responsible for the conduction of water and nutrients from the roots to other parts of the plant.

Palisade Mesophyll

A layer of closely packed photosynthetic cells under the epidermis in leaves, responsible for the absorption of light necessary for photosynthesis.

Spongy Mesophyll

A layer of loosely arranged cells in a plant leaf, facilitating gas exchange and containing chloroplasts for photosynthesis.