The introduction of the euro by EU resulted in multifaceted advantages which include:
A)elimination of costs associated with currency conversion.
B)fixed exchange rate worldwide.
C)elimination of paper currency and coins.
D)withdrawal of French Francs from circulation.
E)a choice for using local or European currency.

Question

Quizplus · Accepted Answer

Eliminating the costs associated with currency conversion is a significant advantage of the introduction of the euro in the EU. It has facilitated trade and made it more efficient by eliminating the need to constantly exchange currencies. This has also reduced the transaction costs for businesses and consumers, making the economy more competitive.

The Introduction of the Euro by EU Resulted in Multifaceted