A key advantage of adopting the euro is that it: A. helps in reductio

QUESTION

A key advantage of adopting the euro is that it:

A. helps in reduction of competition in Europe.

B. has prevented the development of a highly liquid pan-European capital market.

C. lowers foreign exchange and hedging costs in Europe.

D. insulates Europe from international competition.

E. increases the range of investment options open to institutions only.

ANSWER

C