what is a benefit of the euro?multiple choicereduced competition in most industriesgovernments gaining greater control over their monetary policieszero interest expense for businesseslower foreign exchange and hedging costs

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04-11-2022
Business

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what is a benefit of the euro?multiple choicereduced competition in most industriesgovernments gaining greater control over their monetary policieszero interest expense for businesseslower foreign exchange and hedging costs

Answer :

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asarwar asarwar · Answer 1 · 2022-11-09T05:14:57-05:00

Euro lowers the foreign exchange and hedging costs. Therefore, option D holds the correct answer which is 'lower foreign exchange and hedging costs'.

The Euro (symbolized by the € sign) is the official currency of nineteen out of the twenty-seven member nations/states of the European Union (EU). One of the most prevailing benefits of the Euro currency is that it lowers foreign exchange rates as well as hedging costs. The Euro makes it safer, cheaper, and easier fro businesses to sell and buy within the Euro area and to trade with the rest of the world.

While the other options are incorrect because Euro does not help:

in reduced competition in most industries
the governments in gaining greater control over their monetary policies
with zero interest expense for businesses

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