Discuss Some of the Potential Benefits and Costs of the Adoption

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The Answer is One of the benefits of the Euro is largely symbolic.Countries that have in the past century been in wars against each other are now using the same currency.There are economic benefits as well.The use of the same currency will eliminate the need to convert currencies when,for example,buying foreign goods from a country that has also adopted the Euro.One of the possible costs of the Euro is that it will force countries to pursue the same monetary policy.No longer will policy makers in these countries pursue independent monetary policy.

Discuss Some of the Potential Benefits and Costs of the Adoption

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Discuss Some of the Potential Benefits and Costs of the Adoption

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Correct Answer:
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