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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Definitions:

Endoderm

The innermost layer of the early embryo, which gives rise to the lining of the digestive and respiratory systems, among other structures.

Neuroectoderm

Part of the ectoderm of an embryo giving rise to the brain and spinal cord.

Postganglionic Autonomic Neurons

Neurons that transmit signals from autonomic ganglia to target organs, involved in the regulation of involuntary bodily functions.

Posterior Pituitary

is the rear part of the pituitary gland; it stores and releases antidiuretic hormone (ADH) and oxytocin, which are produced in the hypothalamus.