Question 4 (1 point)

The "eurozone":

Question 4 options:

	is a geographic region in Europe with no national sovereignty, where free trade between European nations is allowed to occur.
	refers to the common currency used by all European Union members.
	is the subset of the EU that uses a common currency.
	is another name for the European Union.

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Question 5 (1 point)

In a nation's balance of payments, which one of the following items is always recorded as a positive entry?

Question 5 options:

	Changes in foreign currency reserves.
	U.S. purchases of assets abroad.
	Goods imports.
	Exports of services.

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The exchange rate system currently used by the industrially advanced nations is:

Question 6 options:

	the gold standard.
	the Bretton Woods system.
	the managed float.
	a fixed rate system.