Multiple Choice
According to the theory of optimum currency areas,a currency area has the least chance for success when:
A) Countries of the currency area have differing business cycles
B) Workers have a high degree of mobility across borders of the currency area
C) Prices and wages can be adjusted in response to economic disturbances
D) A single monetary policy affects all member countries in the same manner
Correct Answer:
Verified
Correct Answer:
Verified
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