Which of the Following Best Illustrates the Elimination of Transaction

question 39

Multiple Choice

Which of the following best illustrates the elimination of transaction costs that result from the adoption of the euro as the single European currency?

• A) When a German company imports French wine it no longer needs to use a bank in completing the transaction.
• B) When a German company makes purchasing plans that involve importing French wine it knows exactly what the cost will be in terms of its own currency.
• C) When a German company imports French wine it no longer has to pay a tariff on the wine.
• D) When a German company imports French wine it no longer has to pay a charge for converting German currency into French currency.

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Definitions:

Public Places

Areas that are open and accessible to people, such as parks, streets, and public squares, often owned or controlled by public authorities.

Cafeterias

Public dining spaces where food is served, typically in institutional settings like schools or workplaces.

Substantially Influence

To have a significant, powerful, or notable effect on someone or something, often altering outcomes, behaviors, or beliefs.

Group-Centered

Refers to the approach or practice focused on the dynamics and needs of a group as a whole rather than on individual members.