ADVOCATES OF MONETARY UNION CLAIM THAT THE ADOPTION OF A COMMON C...

113) Advocates of monetary union claim that the adoption of a common currency by Germany in 1990

had the advantages of

(a) eliminating the transaction costs of exchanging the currencies of East and West Germany.

(b) hastening the economic integration of the two countries.

(c) making East Germany’s good cheaper for West German citizens.

(d) all of the above.

(e) both (a) and (b) of the above.

Answer: E

Question Status: Previous Edition