Multiple Choice
An optimum currency area has all of the following except:
A) zero cost of official interventions in foreign exchange markets
B) No cost of hedging
C) zero cost of exchanging one currency for another to pay for imports of goods and tourist services
D) a common currency for all countries
Correct Answer:
Verified
Correct Answer:
Verified
Q28: Which of the following is one of
Q29: In 1998,the _ was established as a
Q30: The second stage of the monetary union,approved
Q31: A fixed exchange rate system is alleged
Q32: Advocates of fixed exchange rates claim that
Q34: The case against fixed exchange rates is:<br>A)the
Q35: Optimum currency areas provide each member with
Q36: The organization formed by the members of
Q37: A monetary union in Europe would mean
Q38: The system under which the exchange rate