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

Question

Quizplus · Accepted Answer

The implied loss of national sovereignty to the European Central Bank is the primary reason that Great Britain, Denmark, and Sweden have stayed out of the euro zone. These countries have concerns about the extent of control that the European Central Bank would have over their economies if they were to adopt the euro.

Which of the Following Is the Reason That Great Britain,Denmark,and