Benefits from adopting a common European currency include

Question

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All of the options listed are benefits from adopting a common European currency. Reduced transaction costs are achieved since individuals and businesses do not have to exchange currencies when doing financial transactions across different European countries, which often incurs fees. The elimination of exchange rate risk means that businesses can better forecast their costs and revenues when doing business across borders. Finally, increased price transparency promotes Europe-wide competition since it allows businesses and consumers to easily compare prices across different countries.

Benefits from Adopting a Common European Currency Include