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hard ecu (F3)<br />A version of the ecu proposed by the UK initially as a COMMON CURRENCY to be used in the EUROPEAN COMMUNITY for all monetary transactions alongside existing national currencies. The hope was that this ecu would become a single currency.
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dual pricing (D4, F3)<br />The practice of quoting prices in two currencies. This occurs as part of the transition to a new currency or because of lack of confidence in the national currency. This occurred in many eastern European countries and in EUROPEAN UNION countries after the introduction of the EURO.
maximin (C7)<br />Maximizing the gains to the worst off<br /><em>See also:</em> Rawlsian justice
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