Assume that two Caribbean countries announce that they will be coordinating monetary policy.This is because their currencies are considered:
A) Substitutes
B) Compliments
C) Inferior
D) Vulnerable

Question

Quizplus · Accepted Answer

When two countries announce that they will be coordinating monetary policy, it indicates that their currencies are substitutes for each other. This means that the two currencies can be used interchangeably and their exchange rates are likely to be closely related.

Assume That Two Caribbean Countries Announce That They Will Be