ADVOCATES OF THE EUROPEAN MONETARY UNION POINT TO THE ADVANTAGES...

112) Advocates of the European monetary union point to the advantages that a single currency has in

(a) eliminating the transaction costs involved in having to exchange the currency of one country for

the currency of another.

(b) delaying the economic integration of European countries.

(c) allowing member countries to repudiate their government debts.

(d) doing all of the above.

Answer: A

Question Status: Previous Edition