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benefits of monetary union
Esther Ngonyo
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What are monetary and non monetary benefits?
monetary benefits is where you receive benefits as money, so special allowances or commissions. However, non monetary benefits are benefits you receive that does not involve money. For example: if someone works as a cleaner in a hotel; their non monetary benefit may be free uniform that is washed and cleaned for them.
What is the difference between bonus and fringe benefits?
A bonus when used in employment is typically a monetary compensation. A fringe benefit is a bonus as well, but sometimes benefits are not monetary.
What is monetary union?
Monetary Union is where 2 or more countries, using different currencies merge their currencies. They may create a new currency, as they did in 1999 with the creation of the Euro.
What are the results from that costs and benefits are based on personal prefences?
Both monetary and non-monetary factors are taken into account
Which of the following results from the fact that costs and benefits are based on preferences?
Both monetary and non monetary factors are taken into account.
What are monetary and non monetary benefits?
monetary benefits is where you receive benefits as money, so special allowances or commissions. However, non monetary benefits are benefits you receive that does not involve money. For example: if someone works as a cleaner in a hotel; their non monetary benefit may be free uniform that is washed and cleaned for them.
When was Scandinavian Monetary Union created?
Scandinavian Monetary Union was created in 1873.
What monetary system have the European Union countries adopted?
European Monetary Union, with the Euro being used as the currency for 17 of the 27 countries that are part of the European Union.
What are the monetary benefits of congressmen?
100000000 dollors
What is the difference between bonus and fringe benefits?
A bonus when used in employment is typically a monetary compensation. A fringe benefit is a bonus as well, but sometimes benefits are not monetary.
Definition of benefits?
Benefits are what you receive from insurance for instance. This is the goods, service or monetary amounts you are entitled to.
What European Union member states are not members of the European Monetary Union?
All members of the EU are part of the Economic and Monetary Union of the European Union. The EMU aims at converging all the economies of the EU with the use of a universal currency: the Euro.
What is monetary union?
Monetary Union is where 2 or more countries, using different currencies merge their currencies. They may create a new currency, as they did in 1999 with the creation of the Euro.
What are the results from that costs and benefits are based on personal prefences?
Both monetary and non-monetary factors are taken into account
What is monetary union and its advantages?
A monetary union is a form of an intergrovernmental agreement (whose basis is to make trading easier by reducing or creating non-tariff barriers between trading partners) that has two features:it is composed of a single market (common policies for consumers and producers within the market such as regulation)there is a common currency among all the trading partnersSome benefits of this include:Freedom of movement between trading partnersEase with respect to money details of contract (no need to figure out the exchange rate for example)because it requires a single market, monopolies are rare and competitive markets dominate (cheaper products, more efficient producers)An example of a monetary union is the European Monetary union.
Which of the following results from the fact that costs and benefits are based on preferences?
Both monetary and non monetary factors are taken into account.
What word explains benefits that cannot be given a monetary value?
"Intangible"
