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Second Phase of Review

Which of the ...

Question

Which of the following is not a consequence of adopting a common currency by the European Union:

A

Eliminated foreign exchange hurdles

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B

Promoted free trade across the union

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C

Boosted trade among the member nations

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D

Contributed to world peace

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Solution

The correct option is D Contributed to world peace
The Euro eliminated foreign exchange hurdles encountered by companies doing business across the European border and promoted a free trade policy. This further contributed to a boost in trade among the member nations. Contribution to world peace is not a direct consequence of adopting a common currency.

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