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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euro
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franc
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pound
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dollar
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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: -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.
Detailed explanation-3: -All EU Member States, except Denmark, are required to adopt the euro and join the euro area.
Detailed explanation-4: -1 The euro was created to promote growth, stability, and economic integration in Europe. Originally, the euro was an overarching currency used for exchange between countries within the union. People within each nation continued to use their own currencies.
Detailed explanation-5: -A single currency makes the euro zone a more attractive region for non-EU countries to do business with, thus promoting trade and investment. Prudent economic management makes the euro an attractive reserve currency for non-EU countries and gives the euro zone a more powerful voice in the global economy.