Q
Which one of the following is not a characteristic that reduces the cost of a signals currency ?
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A
A. A high degree of labour mobility among the countries of the common currency area
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B
B. A high degree of capital mobility among the countries of the common currency area
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C
C. None of the characteristics described in these answers they are all characteristics that reduce the cost of a single currency
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D
D. A high degree of trade integration among the countries of the common currency area
Correct Answer:
D. D. A high degree of trade integration among the countries of the common currency area
