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Which of the following is a con of multiple nations having a single currency?A.A single currency may provide political momentum for greater cooperation between nations.B.A single currency may cause the loss of an independent monetary policy and the sovereign control of a country's money supply.C.With a single currency, no costs are paid to change money, to hedge in forward markets, or to have multiple accounts.D.A single currency may cause a reduction in transaction costs of doing business in the single-currency countries.
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