Which of the following is a key advantage of adopting the euro?
A)It reduces competition in continental Europe.
B)It makes imports of commodities like crude oil cheaper.
C)It lowers foreign exchange and hedging costs in Europe.
D)It insulates Europe from international competition.

Question

Quizplus · Accepted Answer

Europeans decided to establish a single currency in the EU for a number of reasons.They believe that businesses and individuals will realize significant savings from having to handle one currency,rather than many.These savings come from lower foreign exchange and hedging costs.

Which of the Following Is a Key Advantage of Adopting