According to our textbook,the move to a single currency in Europe should
A) have no effect on the cost of doing business in Europe.
B) significantly increase the cost of doing business in Europe.
C) significantly decrease the cost of doing business in Europe.
D) moderately increase the cost of doing business in Europe for North American nations, and significantly increase the cost of doing business in the EU for the rest of the world.
E) increase the cost of doing business with Europe.

Question

Quizplus · Accepted Answer

The move to a single currency in Europe should significantly decrease the cost of doing business in Europe because it eliminates the need for currency exchange and reduces transaction costs. It also promotes trade and investment within the EU.

According to Our Textbook,the Move to a Single Currency in Europe