If a currency union lowers the cost of trade and therefore promotes increased trade, the Euro-optimists believe that:
A) a currency union at some point will no longer be necessary.
B) at some point the OCA criteria will be satisfied.
C) the benefits of having an independent monetary policy will outweigh the benefits from the currency union.
D) the currency union may never be beneficial to an individual nation, but it does reduce political tension in large regions.
Ans: B) at some point the OCA criteria will be satisfied.
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Allowing bank branching across state lines gives banks greater ability to coordinate bank operations. This makes it easier for them to receive the benefits of
A) the dual banking system. B) economies of scale. C) disintermediation. D) interest-rate irregularities.
Use the above table. What percentage of income is received by the poorest 60% of the population?
A) 27.78 percent B) 33.33 percent C) 44.44 percent D) 55.56 percent