Which of the following is an advantage created by the adoption of the euro?
A) Countries outside of Europe no longer face trade obstacles within Europe.
B) European countries with previously weak currencies are more attractive markets.
C) It has decreased the annual combined GDP.
D) A homogeneous European market has been created.
E) It is the last step necessary for the countries of Europe to act like a single entity.

Question

Quizplus · Accepted Answer

The adoption of the euro makes European countries with previously weak currencies more attractive markets by eliminating exchange rate fluctuations and reducing transaction costs, thus facilitating trade and investment.

Which of the Following Is an Advantage Created by the Adoption