In what way would a country's entry to the eurozone (i.e. adoption of the euro as its currency) benefit that country's firms?
A) It reduces the uncertainties of exchange rate fluctuations
B) It reduces taxes paid to the Queen
C) It helps 'disguise' the short-term loss in competitiveness
D) Incomes are distributed equally across all people

Question

Quizplus · Accepted Answer

Adopting the euro eliminates the need for currency exchange within the eurozone, thereby reducing the uncertainties associated with exchange rate fluctuations. This stability can make financial planning and international trade easier for firms within the eurozone.

In What Way Would a Country's Entry to the Eurozone