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Neko [114]
3 years ago
9

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?
History
1 answer:
Ratling [72]3 years ago
5 0
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.
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