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- (1) What might happen if people lose trust in theircountry’s currency? (2) Why couldn’t you buy yourgroceries using an amount of gold of equal value tothe cost of the items you want to purchase?What would make a country decide to change froma common currency, like the euro, back to its owncurrency?4. What factors will shift the supply and demand for currency?
- Why would a nation “dollarize”—that is, adoptanother country’s currency instead of having its own?What does it mean to say a currency is under or over valued? If a country maintains its currency to be over valued what are the costs and benefits for the macroeconomic issues? Explain. ' WRITE IN OWN WORDS. DOWNVOTE IF COPY OR PLAGIARISE. WORD COUNT: 200-300 WORDSWhat is the effect of the uncertainty about the future purchasing power of a currency? a. Discouraging investment and savings b. Encourages savings and investment c. No effect d. Decreases current purchases
- Canada the US and Mexico are all on the same continent the AMERICAS and the economies are very tied together due to the USMCA. Do you think there should be a common currency? Why or Why not?what is the cause of cryprto currencies downfall in the last two years?why, according to some economists, should canada adopt the U.S dollar as its currency?