Which one of the following is not a characteristic that reduces the cost of a signals currency ?

A. A high degree of labour mobility among the countries of the common currency area
B. A high degree of capital mobility among the countries of the common currency area
C. None of the characteristics described in these answers They are all characteristics that reduce the cost of a single currency
D. A high degree of trade integration among the countries of the common currency area

Correct Answer: A high degree of trade integration among the countries of the common currency area ✔

Last Updated: June 18, 2019