Question
Which of the following is an advantage to having a common currency in the European Union?(1 point)
Responses
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 allows each government to make its own policy regarding currency.
It allows each government to make its own policy regarding currency.
It allows for easier trading and investment.
It allows for easier trading and investment.
It makes it impossible for member countries to suffer economically.
It makes it impossible for member countries to suffer economically.
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1 answer
The correct response is:
It allows for easier trading and investment.
Having a common currency in the European Union simplifies transactions, reduces currency exchange costs, and eliminates the uncertainty associated with fluctuating exchange rates, making it easier for businesses and individuals to trade and invest across member countries.
