Which of the following is an advantage of a common currency in Europe?
A)Each country could conduct its own, independent monetary policy.
B)Exchange rate uncertainty within the common currency area would be eliminated.
C)Each country could conduct its own, independent fiscal policy.
D)all of the above
E) none of the above

Question

Quizplus · Accepted Answer

The advantage of a common currency in Europe is that exchange rate uncertainty within the common currency area would be eliminated. Option A and C are disadvantages of a common currency because countries would no longer be able to conduct their own monetary or fiscal policy independently. Therefore, option D is incorrect, and option E is not applicable.

Which of the Following Is an Advantage of a Common