Which of the following is an advantage of being part of a Monetary Union?

Being part of a Monetary Union offers the significant advantage of price stability. This stability arises from the commitment to a common currency and unified monetary policy, which often mitigates the volatility associated with currency exchange rates. Members of a Monetary Union, such as those in the Eurozone, benefit from reduced inflation risk and predictable prices, fostering a predictable economic environment.

Price stability is crucial for consumers and businesses alike as it encourages investment and spending. A stable monetary environment also enhances consumer confidence and supports a robust economic framework. In contrast, the other options represent aspects that can be seen as disadvantages rather than advantages of being part of a Monetary Union.