Which of the following is an effect of adopting the euro as a currency for EU members?
A) It implements independent monetary policies for each nation.
B) It provides unlimited flexibility in fiscal policy making.
C) It increases currency conversion costs.
D) It facilitates direct and transparent price comparison.

Question

Which of the following is an effect of adopting the euro as a currency for EU members? 
A) It implements independent monetary policies for each nation. 
B) It provides unlimited flexibility in fiscal policy making. 
C) It increases currency conversion costs. 
D) It facilitates direct and transparent price comparison.

Quizplus · Accepted Answer

Adopting the euro as a common currency facilitates direct and transparent price comparisons across EU member countries since there is no need for currency conversions.

Which of the Following Is an Effect of Adopting the Euro