4086EconomicsMedium
Which one of the following is not a characteristic that reduces the cost of a signals currency?
AA high degree of trade integration among the countries of the common currency area
BA high degree of labour mobility among the countries of the common currency area
CNone of the characteristics described in these answers They are all characteristics that reduce the cost of a single currency
DA high degree of capital mobility among the countries of the common currency area
Correct answer
A. A high degree of trade integration among the countries of the common currency area
Explanation
The correct answer is A high degree of trade integration among the countries of the common currency area.