ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Currently, the euro (€) is the official currency of 20 out of 27 EU member countries which together constitute the Eurozone, officially called the euro area.

Detailed explanation-2: -The euro is the official currency of 20 European Union countries which collectively make up the euro area, also known as the eurozone.

Detailed explanation-3: -You can use the euro in 20 EU countries: Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain. Discover more about the euro, which countries use it and the exchange rates.

Detailed explanation-4: -The euro (symbol: €; code: EUR) is the official currency of 20 of the 27 member states of the European Union (EU).

Detailed explanation-5: -The euro has eliminated the costs of exchange rate fluctuations within the euro area. This protects consumers and businesses within the euro area from costly swings in currency markets, which, in some countries, used to undermine confidence, discourage investment and cause economic instability.