Which of the following is a disadvantage of the European Monetary Union to member countries?

Question

Quizplus · Accepted Answer

The primary disadvantage of the European Monetary Union to member countries is less monetary independence for each member. This is because countries in the union use a common currency, the euro, and monetary policy is centrally managed by the European Central Bank, limiting individual countries' ability to set their own interest rates or implement independent monetary policy actions.

Which of the Following Is a Disadvantage of the European