An advantage of being part of a currency union is forced monetary discipline.

Name: An advantage of being part of a currency union is forced monetary discipline.
Brand: Quizplus
Rating: 4.9 (61 reviews)

Question

Quizplus · Accepted Answer

Being part of a currency union means that countries give up their control over their own monetary policy and adhere to a common central bank. This can lead to forced monetary discipline and prevent countries from pursuing inflationary policies or currency devaluation.

An Advantage of Being Part of a Currency Union Is