Page 103 - BA1 Integrated Workbook STUDENT 2018

The financial context of business II: International aspects

Single currency zones

 One way of avoiding exchange rate risk is for each country to use the same
currency.

 Example – Economic and Monetary Union (EMU) within the EU

– Single currency

– European Central Bank

Illustrations and further practice

Now try TYUs 11 to 12 from Chapter 6

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