From a financial management perspective, which of the following is true regarding the introduction of the euro?

Question

Quizplus · Accepted Answer

The introduction of the euro led to a decline in transaction costs for MNCs conducting transactions within Europe, as they no longer needed to exchange currencies between each individual country. The other options are not true - U.S.-based MNCs are still subject to exchange rate risk with the euro, the euro is not pegged to all other European currencies, and the euro did not replace the British pound (which is still used in the UK).

From a Financial Management Perspective, Which of the Following Is