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

When European nations joined the eurozone, they did not experience a huge decline in cross-border trade among members. In fact, one of the goals of adopting a single currency was to facilitate trade by eliminating currency exchange costs and uncertainties, which would likely increase trade among member countries.

Which of the Following Was Not Something That Several European