George Osborne warns Scotland if they leave UK, they will loose the pound.

The video discusses the potential outcomes of Scotland's independence referendum, focusing on the debate over whether an independent Scotland could retain the UK pound. The UK government strongly opposes a currency union, citing economic risks. Public opinion is divided, with polls showing mixed beliefs about the feasibility of keeping the pound. Economic implications, such as transaction costs and trade deficits, are also explored. The video highlights the political tension and uncertainty surrounding the referendum.

What is the UK government's position on Scotland keeping the pound if it becomes independent?

• They are undecided.

• They support a currency union.

• They will allow it under certain conditions.

• They oppose a currency union.

What did the Bank of England governor suggest Scotland would need to do to keep the pound?

• Adopt a new currency.

• Give up tax and spend powers.

• Increase its oil exports.

• Join the European Union.

What is one potential economic consequence for the UK if Scotland adopts a separate currency?

• More oil exports.

• Higher trade deficit.

• Reduced transaction costs.

• Increased trade surplus.

According to the poll, what percentage of Scots believe George Osborne is bluffing about the currency issue?

• 45%

• 60%

• 75%

• 30%

What percentage of Scots were undecided about their vote in the referendum?

• 15%

• 5%

• 20%

• 10%