Multiple Choice
Why did 12 countries in Europe adopt a single currency, the euro?
A) A single currency reduces transactions costs involved with trade in goods, services, and securities.
B) With the adoption of a single currency, countries would have less autonomy over monetary policy.
C) A single currency should lead to higher economic growth rates for the countries involved.
D) Both a and c are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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