Economics A-Level
Currency union
What Currency union means in Economics A-Level, as defined for AQA.
Definition of Currency union
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Reference: AQA
An arrangement in which member countries share a single currency and monetary policy, rather than just shared external tariffs.
Topics that use Currency union
- Exchange rate systems (AQA A-Level)
Related terms
- Appreciation
- Asymmetric economic shock
- Balance of payments
- Depreciation
- Fixed exchange rate systems
- Floating exchange rate systems
- Freely floating exchange rate system
- Hot money flows
Using Currency union in the exam
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