Which of the Following Is NOT a Benefit of a Monetary

question 3

Multiple Choice

Which of the following is NOT a benefit of a monetary union?

• A) Elimination of exchange rate uncertainty
• B) Reduced transactions costs
• C) Ability to absorb asymmetric economic shocks
• D) Enhanced efficiency and competitiveness

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Definitions:

Etiology

The study of the causes or origins of diseases or disorders, examining how and why they develop.

Abnormal Behaviour

Behavior that is deviant, maladaptive, or culturally inappropriate, which can be indicative of psychological disorder or mental distress.

Self-Actualization

In Abraham H. Maslow’s theory, an actualization of one’s potential arrived at by satisfaction of a hierarchy of needs visualized as a pyramid. At the base are biological or survival needs; the next step up is the need for friendship and affiliation; finally, there is an assurance of self-worth, which comes from giving and receiving love and from an internalized sense of self-esteem. In Maslow’s view, abnormal or dysfunctional behaviour results from a failure to attain the self-esteem necessary to achieve self-actualization.

Abraham Maslow

A psychologist known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.