POST COLD WAR WORLD
INTEGRATION OF EUROPE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Together they have created a common money which is the ____
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US dollar
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Great Britain money
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Euro
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none of the above
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Explanation:
Detailed explanation-1: -EMU involves coordinating economic and fiscal policies, a common monetary policy, and a common currency, the euro.
Detailed explanation-2: -As of 2020 only 19 of the 27 EU member states use the euro as their sole currency. These countries are collectively called the “eurozone.” Nonparticipating member states negotiated currency “opt-outs” upon their entry into the EU.
Detailed explanation-3: -The Maastricht Treaty paved the way for the creation of a single European currency: the euro. It also established the European Central Bank (ECB) and the European System of Central Banks and describes their objectives.
There is 1 question to complete.