ECONOMICS (CBSE/UGC NET)

ECONOMICS

TRADE EXCHANGE AND INTERDEPENDENCE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the currency people use in much of the EU called?
A
euro
B
ruble
C
dollar
D
pound
Explanation: 

Detailed explanation-1: -The euro is the monetary unit and currency of the European Union, represented by the symbol €.

Detailed explanation-2: -Member countries using the euro 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-3: -The Euro is the currency and monetary unit of the European Union, symbolized by the € sign. The euro was first launched as a noncash monetary unit in 1999, and currency coins and notes were released in 2002.

Detailed explanation-4: -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.

There is 1 question to complete.