One of the benefits of the European Monetary Union is that the governments of the member nations:
A)are free to erect trade barriers according to their needs.
B)will be forced to maintain a balanced budget.
C)can eliminate all exchange-rate concerns by participating in EMU.
D)are able to deal with their domestic imbalances independently.

Question

Quizplus · Accepted Answer

The main benefit of the European Monetary Union is that member nations can eliminate all exchange-rate concerns by participating in EMU. This is done through the adoption of the euro as the common currency, which removes currency fluctuations and exchange rate risks. This leads to increased stability and predictability in financial and business dealings between member nations.

One of the Benefits of the European Monetary Union Is