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The Optimum Currency Area theory of Professor Robert Mundell, Columbia University, says that the most relevant criteria for defining a common currency zone is which
The Optimum Currency Area theory of Professor Robert Mundell, Columbia University, says that the most relevant criteria for defining a common currency zone is which of the following?
Strong system of law within the zone
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Well defined and effective boarders around the zone
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High degree of factor (i.e., capital and labor) mobility within the zone
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Strong economic growth (i.e., high GDP growth) within the zone
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