What are advantages of a common currency area or union, Microeconomics

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What are advantages of a common currency area or union

Problem

1. Give two examples of fixed exchange rates within the United States.

2. What are the advantages and disadvantages of a common currency area or currency union?

3. If the capital account surplus is positive, what can we say about the current account surplus?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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