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