1.
Which of the following is a problem for monetary policy in a currency union ?

2.
Which of the following is a problem for fiscal policy in a currency union ?

3.
What is fiscal federalism ?

4.
Which one of the following is not a characteristic that reduces the cost of a signals currency ?

5.
Which of the following could not be described as an asymmetric macroeconomic shock ?

6.
Which one of the following is not an argument in support of the UK joining the EMU ?

7.
To try to overcome the free rider problem, the members of EMU signed ?

8.
How does the eurozone compare with USA as a possible optimal currency area (OCA) ?

9.
A high degree of real wage flexibility will tend to reduce the cost to a country of joining a currency union because ?

10.
If two countries A and B are member of a currency union and there is a shift in consumer preferences away from the goods of country A and towards those of country B than which one of the following would help to offset the effect of the resulting changes in aggregate demand in A and B on inflation and unemployment in the tow countries ?

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