Which of the following is an advantage to having a common currency in the European Union?(1 point)

Question

Responses

It allows each government to make its own policy regarding currency.
It allows each government to make its own policy regarding currency.

It allows the worth of the currency to change depending on the country.
It allows the worth of the currency to change depending on the country.

It makes it impossible for member countries to suffer economically.
It makes it impossible for member countries to suffer economically.

It allows for easier trading and investment.

Answer 1

The advantage of having a common currency in the European Union is:

It allows for easier trading and investment.

Having a common currency, like the euro, eliminates the need for currency exchange, reduces transaction costs, and provides price transparency, making it easier for businesses and individuals to trade and invest across member countries.