An argument against Britain's adopting the euro was that using the euro would make monetary policy less effective.

Question

Quizplus · Accepted Answer

Adopting the euro would mean that the Bank of England would no longer have control over its own monetary policy as decisions would be made by the European Central Bank. This would likely lead to less effective monetary policy for Britain as it would have less control over interest rates and other economic policies.

An Argument Against Britain's Adopting the Euro Was That Using