Why Doesn't Great Britain Use the Euro as Its National

question 78

Multiple Choice

Why doesn't Great Britain use the euro as its national currency?

• A) Would have to convert its economic structure to the euro
• B) Would have to relinquish control of its monetary policy to the EU
• C) Would have to change its financial markets operations
• D) Would have to obtain approval from the U.S. Federal Reserve

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Definitions:

Conservative Body

A group or organization that advocates for maintaining traditional values and resisting major changes in societal or political structures.

Treaty of Paris

A historic agreement signed to end a conflict or war, notable instances include the 1783 treaty ending the American Revolutionary War and the 1814-1815 treaties following the Napoleonic Wars.

Whigs

A political faction and then a political party in the parliaments of England, Scotland, Great Britain, Ireland, and the United Kingdom, notably supporting the supremacy of Parliament over the monarchy.