Which of the following is a way in which the euro affects markets?
A) Countries within the Euro zone enjoy cheaper transaction costs.
B) Currency risks and costs related to exchange rate uncertainty are reduced.
C) Consumers and business enjoy price transparency and increased price-based competition.
D) all of the above

Question

Quizplus · Accepted Answer

The euro affects markets in all of the ways mentioned in the options. Countries within the Eurozone enjoy cheaper transaction costs as they do not have to convert their currencies when trading with each other. The currency risks and costs related to exchange rate uncertainty are reduced for businesses dealing in the Eurozone. The increased price transparency and competition benefit consumers and businesses alike.

Which of the Following Is a Way in Which the Euro