Explore Westonci.ca, the leading Q&A site where experts provide accurate and helpful answers to all your questions. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

Beginning in 1995, most countries in the European Union started to switch to a common currency. The values of different European currencies were linked to the euro. Countries in the European Union could then trade without converting currency. Why would adopting a common currency be helpful for European traders?

Sagot :

Adopting a single currency is essential to having a smooth internal economy. When many states trade with different currencies within a closed environment, people who wish to buy products across boundaries have to convert currencies, which usually involves a fee.

Answer:

the anwser is b i did the test and got it correct