The euro is unlikely to seriously challenge the dollar as a reserve currency as long as
A) the European Union's share of world GDP remains significantly smaller than that of the United States.
B) the European Union's share of world exports remains significantly smaller than that of the United States.
C) Europe neglects to integrate its financial markets.
D) the European Union is unable to function as a cohesive political entity.
Correct Answer:
Verified
Q51: A balance of payments _ is associated
Q52: (I)Controls on capital outflows may increase capital
Q53: A balance of payments _ is associated
Q54: When a reserve currency country runs a
Q55: The official reserve transactions balance
A) equals the
Q57: Many believe that the statistical discrepancy is
Q58: In September 1992,the Bundesbank attempted to keep
Q59: An argument that supports the view that
Q60: Given the size of the statistical discrepancy
Q61: The official reserve transactions balance is referred
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