Which of the following is an advantage to having a common currency in the European Union?(1 point)
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.
It allows for easier trading and investment.
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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 eliminates the need for currency exchange and reduces transaction costs, making trade and investment between member countries smoother and more efficient.
