answersLogoWhite

0


Best Answer

The complete elimination of both exchange rate risk and currency conversion costs within the European Union

User Avatar

Wiki User

7y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What was the main benefit of a single European currency?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the main currency in France?

there is a single currency in France, the Euro. It replaced the former currency unit, the French franc, which was phased out in 2002.


What is the currency of EU?

The European Union's main currency is the Euro. All member states have adopted the Euro except for Great Britain and Denmark.


What is the main aim behind the European union today?

for member state to function as a single market.


What is the main currency and language of Portugal?

The main currency is the Euro and the language is Portuguese.


What's different with eBat deutschland?

The difference with eBay Deutschland compared to the USA and UK versions is quite simply down to language and currency. Where as the other two main sites use English as the main language the German site uses German text and the European 'Euro' as a currency.


What is the main language and currency of madagaster?

Do you mean Madagascar? Main language is French and tiako ianao, the main currency is Ariary.


What is the main language and currency of Hawaii?

The main language is Japanese.The main currency is the Yen.


What is the main language and currency of Antigua and Barbuda?

English is the main language and the East Caribbean Dollar is the currency.


What is the main language and main currency of Tahiti?

French


What is the main currincy and langue?

what was the main language and currency


What is the money system for European trade?

Internal trade is done in the currency of the country in question. International trade is done in the currency of one of the two countries involved. If a company in country A buys something from a company B, they agree to either use the currency of country A or that of country B. This is often the Euro, as this is the main currency used by the majority of countries in Europe.


What were the main negative effects of the economic policies of European colonizers?

The main negative effects of economic polices of European colonization was it gave the Europeans more power, and the average native none. A colonized country would have its resources exploited for the benefit of the mother country at the expense of the local populace.