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Answer to Question #129731 in Economics for Sasha-Gay Dean

Question #129731
d. Why would it be difficult for Jamaica to join most of the other English speaking Caribbean islands and use a fixed exchange rate and a single currency in the region? (6 marks)
1
Expert's answer
2020-08-18T12:45:46-0400

It would be difficult for Jamaica to join most of the other English speaking Caribbean islands and use a fixed exchange rate and a single currency in the region, because all the countries have different development level, inflation and growth rates.


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