Which would be easier to reverse? For Denmark, which now pegs its national currency to the euro, to choose monetary autonomy and abandon its peg, or for Italy to switch back from the euro to the lira?

A) Italy, because all it has to do is cash euros for lire
B) Italy, because it can change over to an electronic payments system
C) Denmark, because it would only have to return all the euros in its treasury
D) Denmark, because it would not have to change its currency, accounting structure, nor reprint domestic currency

Ans: D) Denmark, because it would not have to change its currency, accounting structure, nor reprint domestic currency

Economics

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The key characteristic of an oligopolistic market is:

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