(Last Word) Which of the following is a disadvantage of belonging to a common currency?

Question

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Belonging to a common currency means that countries have to give up their monetary policy independence, which can be a significant disadvantage. A common currency means that all countries using it must adhere to the same policies, which can be difficult for countries with varying economic conditions. As a result, a country may not be able to undertake monetary policies that would be appropriate for its economy, leading to slower economic growth or unstable prices.

(Last Word) Which of the Following Is a Disadvantage of Belonging