In the Case of a Currency Union, What Is a Nominal

question 69

Multiple Choice

In the case of a currency union, what is a nominal anchor?

• A) It is the weight of the efficiency loss from changing to a common currency.
• B) It is an independent value, such as the value of the common currency unit, constraining the ability of a nation to inflate its currency and prices.
• C) It is a nominal measure of GDP that is not the same as the measure for real GDP.
• D) It links that nation to other members of the currency union and permits no trade or financial relationships outside the union.

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