Business Studies: The Euro
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?- Created by: izzy
- Created on: 29-06-12 20:37
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THE EURO
No exchange costs.
The trade is cheaper as you don't have to buy a different currency (banks take a commission when exchanging currencies).
Reduced uncertainty.
It won't be possible for exchange rates to change. A change in the exchange rates could be either positive or negative.
Comparing prices is easier.
All the prices…
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