Great Britain, Denmark, and Sweden have stayed out of the euro zone because of the
A) dollar peg advocated by some members of the European Union.
B) implied loss of national sovereignty to the European Central Bank.
C) volatility of the euro.
D) reluctance to compete directly against the U.S. dollar.
E) reluctance to be considered an optimal currency area.

Question

Quizplus · Accepted Answer

These countries have stayed out of the euro zone primarily due to concerns about losing national sovereignty, as adopting the euro would mean ceding control over monetary policy to the European Central Bank.

Great Britain, Denmark, and Sweden Have Stayed Out of the Euro