Optimum currency areas provide each member with the ability to pursue its own independent stabilization.

Name: Optimum currency areas provide each member with the ability to pursue its own independent stabilization.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Optimum currency areas require a high degree of economic integration and coordination, which limits a member's ability to pursue independent stabilization policies. Members must instead work together to achieve macroeconomic stability within the common currency area.

Optimum Currency Areas Provide Each Member with the Ability to Pursue