An Optimum Currency Area Has All of the Following Except

question 33

Multiple Choice

An optimum currency area has all of the following except:

• A)zero cost of official interventions in foreign exchange markets
• B)No cost of hedging
• C)zero cost of exchanging one currency for another to pay for imports of goods and tourist services
• D)a common currency for all countries

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Definitions:

Genetically Determined

pertains to traits or characteristics that are influenced by genes inherited from one's parents.

Life Circumstances

The combination of factors and conditions affecting an individual's life at any given time, including social, economic, and physical environments.

Cultural Upbringing

The influence of the culture, traditions, and societal norms an individual is exposed to during their formative years.

Positive Psychology

A branch of psychology focused on studying and promoting well-being and happiness.