QUESTION 41 Currently, the euro is being used by of the European Union.(closest number) O A. 19 member states В. 10 С. 33 D. All EU members

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6. Most foreign exchange transactions are through the U.S. dollar. If the transaction is expressed as the foreign currency per dollar this is known as _____________ whereas ___________ are expressed as dollars per foreign unit. a. European terms; indirect b. American terms; direct c. American terms; European terms d. European terms; American terms

Do not use chatgpt.

From the standpoint of any given EU member country what are the potentialadvantages of adopting the single currency, the Euro? What are the potentialdisadvantages? Critically discuss the arrangements of the European Monetary Unionand assess the impact of the Euro in foreign exchange markets.

7. Economic costs and benefits of a common currency Identify whether each attribute in the following table is an advantage or disadvantage of sharing a currency across country boundaries. Attribute Advantage Disadvantage Greater risk of macroeconomic shocks Elimination of exchange fluctuations Greater certainty for investors Dependent monetary policy Lower protectionism Which of the following are reasons the European Union is considered a suboptimal v currency area? Check all that apply. A single monetary policy that is equally effective across borders O No legal or cultural barriers to labor mobility across borders O Limited use of fiscal policy O Low economic efficiency gains

Suppose a computer costs $500 in the United States. With the price of the computer given in the local currency, the Brazilian real is by Country Brazil (real) Mexico (peso) India (rupee) South Africa (rand) overvalued by 9%. overvalued by 45%. O undervalued by 90%. undervalued by 9%. Exchange Rate per U.S. Dollar 2.2 10 45 8 Price of a Computer in Local Currency 1,200 6,000 18,000 3,500