How has adoption of the euro affected economic efficiency in European companies?
A) It has created an increase in the cost of capital.
B) It has produced a decline in the overall level of savings and investment.
C) It has increased competition and produced long-run gains.
D) It has reduced liquidity in the market.
E) It has reduced competition and diminished gains.

Question

Quizplus · Accepted Answer

The adoption of the euro has increased competition among European companies by eliminating currency exchange risks and costs, leading to more efficient markets and long-run economic gains.

How Has Adoption of the Euro Affected Economic Efficiency in European