The Formation of an Optimum Currency Area Is More Likely

question 47

Multiple Choice

The formation of an optimum currency area is more likely to be beneficial on balance:

• A)the greater the mobility of resources among the various member nations
• B)the less structurally similar the member countries are
• C)the less willing the member countries are to closely coordinate their fiscal,monetary,and other policies.
• D)the less willing the member countries are to interact with each other

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Definitions:

EMV

EMV stands for Europay, MasterCard, and Visa, and it's a global standard for cards equipped with chip technology, enhancing payment security.

Redesigned

The process of revising or improving the design of a product, system, or service for better performance or efficiency.

Configuration Management

A system by which a product’s planned and changing components are accurately identified.

Service

An economic activity where an immaterial exchange of value occurs.