Which of the Following Is an Advantage of a Common

Multiple Choice

Which of the following is an advantage of a common currency in Europe?

A) Each country could conduct its own, independent fiscal policy.
B) Each countries could devalue its currency to increase domestic output.
C) Each country could conduct its own, independent monetary policy.
D) Countries could more easily erect barriers to trade.
E) Exchange rate uncertainty within the common currency area would be eliminated.