The country that did NOT opt out of the currency union is:
A) United Kingdom.
B) Sweden.
C) Denmark.
D) Italy.
Ans: D) Italy.
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In the above table, the total variable cost of producing 16 units of output is
A) $20. B) $60. C) $100. D) $120.
If you know that a country's net foreign investment is positive, what does that tell you about the relationship between the country's national saving and private investment? (Assume that the capital account is zero and net transfers are zero.)
What will be an ideal response?
A country wishing to establish a currency basket peg usually
A) chooses a small number of trading partner's currencies for that basket. B) chooses all of its trading partner's to be members of the basket. C) chooses six trading partners for inclusion. D) chooses only the most stable reserve currencies for inclusion.
An increase in the money supply in the short run changes ___ , whereas in the long run, ___ change.
a. exchange rates; nominal interest rates b. price levels; interest rates c. interest rates; interest rates d. interest rates; inflation rates