A benefit of adopting the euro as a common currency is that it:
A)makes it easier to compare prices across Europe.
B)makes Europe an optimal currency area.
C)increases the range of investment options open only to institutions.
D)leads to higher prices, which translate into substantial gains for European producers.
E)decreases competition because it has become harder for consumers to shop around.

Question

Quizplus · Accepted Answer

A benefit of adopting the euro is that the adoption of a common currency makes it easier to compare prices across Europe. This has increased competition because it has become easier for consumers to shop around.

A Benefit of Adopting the Euro as a Common Currency