Which of the following is not usually given as a reason for having a single EC currency?

Question

Quizplus · Accepted Answer

The elimination of asymmetric shocks is not usually cited as a reason for having a single European Currency (EC). Asymmetric shocks refer to economic events that affect one part of a currency area differently than another. A single currency can actually make it harder to respond to such shocks, as it eliminates exchange rate adjustments and monetary policy as tools for individual member states.

Which of the Following Is Not Usually Given as a Reason