A currency union is always better than having separate currencies.

Question

Quizplus · Accepted Answer

A currency union can offer benefits such as eliminating exchange rate fluctuations and facilitating trade among its members, but it also requires countries to give up independent monetary policy, which can be a disadvantage in responding to local economic conditions. The optimal choice depends on various factors, including economic integration and similarity of economic cycles among the countries involved.

A Currency Union Is Always Better Than Having Separate Currencies