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(chapter02) Which of the following statements regarding European Monetary Union is INCORRECT? O EMU enhances exchange rate policy independence O EMU reduce transaction costs and

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(chapter02) Which of the following statements regarding European Monetary Union is INCORRECT? O EMU enhances exchange rate policy independence O EMU reduce transaction costs and eliminate exchange rate risk EMU improves the liquidity of European financial markets OEMU promotes cross-border investments and mergers Question 7 10 pts (chapter02) Which of the following crises does NOT exemplify currency crises? Mexican Peso Crisis in 1994 O Argentine Peso Crisis in 2002 US Mortgage Crisis in 2008 Asian Currency Crisis in 1997

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