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An Optimal Currency Area Can Be Defined as One Which

Question 56

Multiple Choice

An optimal currency area can be defined as one which


A) minimises the degree of economic fluctuations between member countries.
B) would involve a decrease in net benefits from having a single currency if the size of the area were either to grow or to diminish.
C) maximises the amount of trade between member countries.
D) maximises the growth rates of the member countries.
E) minimises the average inflation rate between member countries.

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