Which of the following was not something that several European nations did or experienced when they became members of the eurozone?
A) They eliminated their own local currencies and adopted a single common currency.
B) They in essence ﬁxed their exchange rates with one another, at a 1-to-1 peg.
C) Cross-border trade among members suffered a huge decline.
D) They gave up control of their own individual monetary policy.

Question

Quizplus · Accepted Answer

Cross-border trade among members did not suffer a huge decline when they became members of the eurozone. In fact, the elimination of exchange rate uncertainties and the use of a common currency actually facilitated cross-border trade.

Which of the Following Was Not Something That Several European