Which of the following is not a benefit of participation in the Eurozone?
A) elimination of the need to exchange currencies
B) more rapid financial integration
C) maintenance of independent monetary policy
D) greater economic discipline

Question

Quizplus · Accepted Answer

One of the benefits of participation in the Eurozone is the elimination of the need to exchange currencies, which facilitates trade and reduces transaction costs. Another benefit is more rapid financial integration, which can enhance economic efficiency. Greater economic discipline may also be achieved through adherence to the Eurozone's fiscal rules. However, participating countries give up control over their monetary policy, which is set by the European Central Bank. Therefore, maintenance of independent monetary policy is not a benefit of participating in the Eurozone.

Which of the Following Is Not a Benefit of Participation