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Why might Britain be reluctant to adopt the euro as its currency?
Wiki User
∙ 13y ago
I think that there is a sense of national identity around the currency that many people in the UK do not want to lose. For many years the political right in particular have drummed up resistance to the European Union and tying the country in to the broader economics of the Euro zone. Maybe an economist could give actual financial reasons for not changing the currency but for the general person in the street it seems to be a more emotional issue.
Wiki User
∙ 13y ago
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Why might some countries be reluctant to adopt a common currency?
The most important reason is concern that the value of the currency will be more easily affected by factors outside the country's control.
Why might these countries not have wanted to adopt a single currency?
They didn't want to adopt to a single currency because it would withdraw their own coins and paperbill's from circulating.
What is the role of currency traders?
A currency trader buys and sells currencies. For example, a trader may have dollars but believe the dollar will fall against the pound, so he might use his dollars to buy pounds.
How might currency be a trade barrier?
Every currency is a different value and the currencies compare to each other differently. Currencies are always changing. The problem is called currency devaluation. A trade barrier is that if a dollar falls, stocks fall and prices change. One day the item's cost might be one amount and a month later the item costs way more. Also, having to convert one currency to another takes time to complete the transaction. Converting between multiple currencies takes even longer.
Why a central bank retains the right to print currency?
Because, if they allow anyone to print the currency, they might print money in an uncontrolled manner. . printing money in an uncontrolled manner causes severe economic problems and devalues the currency. Take Zimbabwe for example, a loaf of bread costs a few million bucks in their local currency because the government resorted to printing more money to ease their financial burden. That resulted in severe devaluation of their currency and it damaged their economy as well.
Why might some countries be reluctant to adopt common currency?
The most important reason is concern that the value of the currency will be more easily affected by factors outside the country's control.
Why might some countries be reluctant to adopt a common currency?
The most important reason is concern that the value of the currency will be more easily affected by factors outside the country's control.
Why might these countries not have wanted to adopt a single currency?
They didn't want to adopt to a single currency because it would withdraw their own coins and paperbill's from circulating.
Where can you adopt a pet seal?
I don't think you can adopt a seal, but in Alaska they might have some pet seals
Why is Takuma reluctant to leave Sara in book 12 of Vampire Knight?
he might have a crush on her or loves her after all someone who loves another person are reluctant to leave that person
What animal might you adopt?
A dog because they can protect you and your house.
Can you only adopt if you are unable to have children?
No not at all but you might get higher on the list if you want to adopt from your own country if you are infertile.Whether you can have children or not even parents with their own children can adopt children and some single people can also adopt children.
Barriers to effective planning?
Reluctant of top management to planning because they might have fear of failure.
What might thomas Edison's have been reluctant to go to school?
He had to go to work and didn't have a choice.
Is reluctant the same as hesitant?
Reluctant is where somebody does not really want to do something, but may do it anyway. Being hesitant is pausing before doing something, and not being sure about it and could do it with caution. The differences are not much and they can be used interchangeably. You might say "I am reluctant to do that" or "I would be hesitant about doing that."
How do you us reluctant in a sentence?
I answered this question with great reluctance.You can use it as an adverb, too.I reluctantly answered this question.His reluctance to answer the awkward question rewarded him with an interruption from the bus driver.
How might currency in the UK be a trade barrier?
be cause it can
