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In the Absence of National Monetary Policy and National Exchange

Question 28

Multiple Choice

In the absence of national monetary policy and national exchange rates in the European Monetary Union,


A) that Union cannot survive.
B) that Union will have to expel members who do not agree to austerity measures.
C) there are still steps that the Union can take to survive.
D) That Union will have to be bailed out by the European Central Bank.

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