A nation joining a currency union must subject itself to the ______ policies of the union, which may or may not conform to its own objectives or economic or political values.

Question

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Joining a currency union requires a country to adopt the monetary policies of the union, including a common interest rate and sometimes shared central bank. Fiscal and economic policies may be more flexible, allowing member countries to have some autonomy in their own budget and economic decisions. Accounting policies are not relevant to the decision to join a currency union.

A Nation Joining a Currency Union Must Subject Itself to the ______