Minto and Maily,two Neighboring Countries,have the Same Wage Rates,tax Regimes,and

Multiple Choice

Minto and Maily,two neighboring countries,have the same wage rates,tax regimes,and business cycles.In addition,the two countries have reacted similarly to past economic shocks.Minto and Maily can adopt a common currency because they form a(n)

A) managed currency zone.
B) open exchange regime.
C) optimal currency area.
D) free trade area.
E) advanced monetary zone.