Why doesn't Great Britain use the euro as its national currency?
A) It would have to convert its economic structure to the euro.
B) It would have to relinquish control of its monetary policy to the EU.
C) It would have to change its financial markets operations.
D) It would have to obtain approval from the U.S. Federal Reserve.

Question

Quizplus · Accepted Answer

Although most members have signed on to use the euro as their currency, Great Britain remains an important holdout. A politically important segment of public opinion in that country opposes a common currency on the grounds that it would require relinquishing control of the country's monetary policy to the EU, which many British perceive as a bureaucracy run by foreigners.

Why Doesn't Great Britain Use the Euro as Its National