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Cultural factors and their implications

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Suppose that Australia and New Zealand have agreed to create a currency union with a new single currency called ANZAC (and sacrifice their own domestic currency). Assuming that this decision is irreversible, discuss the policy implications. You may discuss from a single country's point of view(either Australia or New Zealand). You must also address briefly any social and/or cultural factors and their implications.

Reference no: EM132283956

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