... between states or countries but is not applied among member countries "(cbp.gov)". Secondly citizens are free to move from one country to another and they can freely study, travel, work, or live in a European country, this opens up more job opportunities especially to those people ... and then set short term interest rates in the exchange rate. Some differences between countries will always exist so as long the markets are free to adjust to the changing of the economic conditions, country differentials should largely be of a transitory nature. The Monetary Union challenges the ... that ...

• Word Count: 1325
• Approx Pages: 5
• Grade Level: Undergraduate