POST COLD WAR WORLD
INTEGRATION OF EUROPE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
What is one of the benefits of using a single currency in many EU countries?
|
|
It allows countries to maintain control of their own affairs
|
|
|
It helps prevent member countries from going into heavy debt
|
|
|
It allows people, money, and goods to move freely from country to country
|
|
|
It helps create an open market in which goods can be traded using a tariff
|
Explanation:
Detailed explanation-1: -Using a single currency makes doing business and investing in the euro area easier, cheaper and less risky. By making it easy to compare prices, the euro encourages trade and investment of all kinds between countries. It also helps individual consumers and businesses to secure the best prices.
Detailed explanation-2: -General Advantages Stimulus to GDP growth, more jobs, higher wages and pensions; Growing internal market and domestic demand; Free movement of labour, goods, services and capital; Free access to 450 million consumers.
Detailed explanation-3: -In 2002, the euro, a single European currency, was adopted by 12 member states. Currently, the Eurozone has 20 member states.
There is 1 question to complete.