試題詳解

23. The Euro (EUR) is the official currency of 19 of the 27 member states of the European Union. Which of the following is a disadvantage of a single-currency area?
(A) Elimination of costs of converting currencies
(B) Adjustment to asymmetric shocks (shocks that have different effects on various member countries)
(C) Elimination of uncertainties associated with possible exchange rate realignments and fluctuations within the permitted band
(D) A lower average rate of inflation (provided that the European Central Bank is truly independent from short-term political considerations)