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Explain the advantages and disadvantages of an optimum currency area. (b) Explain the conditions under which an optimum currency area would be beneficial to member
Explain the advantages and disadvantages of an optimum currency area. (b) Explain the conditions under which an optimum currency area would be beneficial to member countries.
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ANSWER a Advantages and Disadvantages of an Optimum Currency Area Advantages 1 Reduced transaction costs When countries share a common currency there is no need to exchange one currency for another wh...
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International Economics
Authors: Dominick Salvatore
12th edition
9781118955727, 1118955765, 1118955722, 978-1118955765
