Ireland and the European Union (LC 2026) (Leaving Cert Business): Quizzes
📚Quizzes
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10 questions from this quiz
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Practise the questions
10 questions from this quiz
How many EU countries are part of the European Monetary Union?
How many EU countries are part of the European Monetary Union?
20 countries
Which country is mentioned as an EU member that does not use the euro?
Which country is mentioned as an EU member that does not use the euro?
Denmark
How does the euro reduce business costs within the Eurozone?
How does the euro reduce business costs within the Eurozone?
Eliminates currency exchange fees
What benefit does the stable euro provide to governments?
What benefit does the stable euro provide to governments?
Lower borrowing costs
What does the euro aim to maintain for price stability?
What does the euro aim to maintain for price stability?
Low inflation rates
How does a single currency affect trade between Eurozone countries?
How does a single currency affect trade between Eurozone countries?
Facilitates easier and efficient trade
What advantage does the euro provide to consumers comparing prices?
What advantage does the euro provide to consumers comparing prices?
Greater transparency in prices
Which institution controls the monetary policy of Eurozone countries?
Which institution controls the monetary policy of Eurozone countries?
European Central Bank
What is a disadvantage of the euro for countries like Ireland?
What is a disadvantage of the euro for countries like Ireland?
Limited ability to set own policy
What effect does the common currency have on Eurozone businesses?
What effect does the common currency have on Eurozone businesses?
Leads to heightened competition