Which of the following is a reason for Great Britain, Denmark, and Sweden to stay out of the euro zone?
A)The dollar peg advocated by some members of the European Union
B)The implied loss of national sovereignty to the European Central Bank
C)The volatility of the euro
D)The reluctance to compete directly against the U.S. dollar
E)The reluctance to be considered an optimal currency area

Question

Quizplus · Accepted Answer

The implied loss of national sovereignty to the European Central Bank (ECB) underlies the decision by Great Britain, Denmark, and Sweden to stay out of the euro zone. Many in these countries are suspicious of the ECB's ability to remain free from political pressure and to keep inflation under tight control.

Which of the Following Is a Reason for Great Britain