One reason that supports nations having separate currency suggests that there are welfare gains from
A) currency competition.
B) seignorage.
C) capital mobility.
D) debt reduction.
A
Economics
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The interest rate at which international banks loan to each other is called
A) LIBOR B) federal funds rate C) prime rate D) international bank lending rate
Economics
Constant returns to scale implies that if N and K both increase by 3% that
A) output (Y) will increase by 3%. B) Y/N will increase by 3%. C) Y/N will increase by less than 3%. D) the capital-labor ratio will increase by 3%.
Economics