Crowdly

does not affect the competitiveness of goods and services

Decrease in the exchange rate of the national currency

unit:

increases the competitiveness of goods and services

enhances the interest of economic entities in the export of capital

reduces the competitiveness of a country's goods and services

which of the statements is incorrect

Comprehension of the Optimum

currency

area

the main means of payment are different currencies,

the rates of which are fixed to each other and are not convertible

100%

the

main means of payment are different currencies, which may fluctuate against

other world currencies outside the area

the main means of payment is a common currency, which

is freely convertible

the main means of payment is a common currency

the main means of payment are different currencies,

the rates of which are fixed to each other and are freely convertible

the main means of payment is a common currency, which may

fluctuate against other world currencies outside the area

European Monetary Union:

fully meets the conditions of the optimal currency area

is one of the world 's monetary unions

is one of the world 's currency systems

is based on a mutual exchange rate mechanism

is the highest degree of regional economic integration

Criteria of

the optimum currency area -

which

of the statements are correct

states must have similar monetary policies

states must be fiscally integrated

countries must give priority to a single monetary policy

countries must give priority to a national monetary policy

degree of fiscal integrity must be low

prices and especially wages flexibility must be high

prices and especially wages ability

to change must be low

In order to determine the share of each currency in the

currency basket, are used data on:

the share of countries in world GDP

the share of countries in world exports

the share of countries in world currency trade

per capita income

the share of countries in world gold reserves

Aims of the Convergence criteria

guarantee of macroeconomic stability

coordination of Member States' economic policy

creating conditions for membership in the European Monetary Union

levelling of the macroeconomic development in the Member States

all answers are correct

all answers are

incorrect

Exchange rate is:

the price of one currency expressed in the currency basket

the ratio between two currencies

the price of one currency expressed in the international payment units

the price of one currency expressed in units of another currency

the price of the national currency, denominated in a foreign currency

all answers are correct

Which of the following factors are not external causes of

financial crises?

rapid

fall in interest rates in world markets

rapid increase in import prices

depreciation of the currencies of major partners

inflow of foreign investment and capital

reduction in the activity of international banks in local markets

increase in export prices

functioning of the single market

Which of the economic integration processes in the EU do

you think is the strongest indicator of financial integration?

unification of the national financial systems

creation of the

European Monetary System

functioning of the European Economic and Monetary Union

the use of

common financial funds

free movement of capital