66.4k views
4 votes
What advantages did adopting a single currency, the euro, give Europeans? (Site 1)​

User Ugochukwu
by
8.4k points

1 Answer

4 votes

Answer: 1. The euro lowered transaction costs trading within Eurozone. 2. Greater price transparency. 3. Eliminate exchange rate 4. Incentives to for countries to keep inflation low. 5. Increased trade and tourism with Eurozone area.

Step-by-step explanation:

User MiladiuM
by
8.8k points

Related questions

2 answers
3 votes
147k views
1 answer
0 votes
230k views
1 answer
24 votes
177k views
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories