The euro raplaced member state currencies in 1999 to establish a single currency area under EMU....

Transcribed Image Text:

The euro raplaced member state currencies in 1999 to establish a single currency area under EMU. Give three advantages to single currency for members and suggest the reasons why some countries opted to remain outside of the EMU. The euro raplaced member state currencies in 1999 to establish a single currency area under EMU. Give three advantages to single currency for members and suggest the reasons why some countries opted to remain outside of the EMU.

Answer rating: 100% (QA)

Three advantages of a single currency for member countries in the Economic and Monetary Union EMU include 1 Elimination of Exchange Rate Risk Member c... View the full answer