Why Did 12 Countries in Europe Adopt a Single Currency

question 36

Multiple Choice

Why did 12 countries in Europe adopt a single currency, the euro?

• A)A single currency reduces transactions costs involved with trade in goods, services, and securities.
• B)With the adoption of a single currency, countries would have less autonomy over monetary policy.
• C)A single currency should lead to higher economic growth rates for the countries involved.
• D)Both a and c are correct.

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