A single currency area requires

A) mobile labor and synchronized business cycles.
B) immobile labor and synchronized business cycles.
C) immobile labor and mobile capital.
D) a political union.
E) mobile labor and unsynchronized business cycles.

A

Economics

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When the market value of the dollar rises relative to other currencies around the world, we say that

A) the supply of dollars has increased. B) the dollar has appreciated. C) the dollar has depreciated. D) the demand for dollars has increased.

Economics

Banks face liquidity risk because

A) they can have difficulty meeting their depositor's demands to withdraw money. B) they are unable to borrow from the Federal Reserve. C) households and businesses may seek to borrow a large amount of funds in a short period of time. D) governments tend to run high budget deficits.

Economics