Which of the following is a drawback to having a common currency across countries,as in the European Union?
A) A common currency increases barriers to trade across countries,reducing opportunities for economic growth.
B) With a common currency,individual countries are no longer able to run independent monetary policies.
C) Having a common currency implies that the prices of goods across countries must always be the same,regardless of consumer preferences for goods across countries.
D) None of the above is a drawback to a common currency.
Correct Answer:
Verified
Q89: Figure 19-3 Q90: By 2017,how many European countries were members Q91: Pegging a country's exchange rate to the Q92: A currency pegged at a value below Q93: The currencies of Poland and Iceland (the![]()
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