Since its inception the euro has brought about revolutionary changes in European finance.For example,
A)by redenominating corporate bonds and stocks from several different currencies into one common currency,the euro has precipitated the emergence of continent-wide capital markets in Europe that are comparable to U.S.markets in depth and liquidity.
B)Swiss bank accounts are all denominated in euro.
C)the European banking sector has become much more important as a source of financing for European firms.
D)there have actually not been any revolutionary changes.

Question

Quizplus · Accepted Answer

Redenominating corporate bonds and stocks into one common currency has allowed for the development of continent-wide capital markets in Europe that rival those of the U.S. in depth and liquidity, which is a revolutionary change.

Answer: B and C are incorrect
 Option B, which says that Swiss bank accounts are all denominated in euros, is not true as Switzerland is not part of the EU and does not use the euro as its currency. Option C, which states that the European banking sector has become more important as a source of financing, is not necessarily a revolutionary change as this could be a natural shift over time.

Answer: D is incorrect
 This statement is not true as mentioned in option A.

Since Its Inception the Euro Has Brought About Revolutionary Changes