CFA Practice Question

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CFA Practice Question

Free trade areas among countries are established to ______

A. take advantage of a common language or culture.
B. reduce or eliminate trade barriers among members.
C. coordinate monetary policies among countries.
Correct Answer: B

Free trade areas might develop because of a shared language or a desire to coordinate monetary policies, but their primary function is to maintain close trading ties by reducing or eliminating trade barriers among members.

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