Which of the Following Is a Drawback to Having a Common

question 89

Multiple Choice

Which of the following is a drawback to having a common currency across countries, as in the European Union?

• A)A common currency increases barriers to trade across countries, reducing opportunities for economic growth.
• B)With a common currency, individual countries are no longer able to run independent monetary policies.
• C)Having a common currency implies that the prices of goods across countries must always be the same, regardless of consumer preferences for goods across countries.
• D)Having a common currency allows for coordinated monetary policy.
• E)None of the above is a drawback to a common currency.

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