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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Europe Money
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Euros
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Arrows
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None of the above
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Detailed explanation-1: -The euro is the monetary unit and currency of the European Union, represented by the symbol €. It began as a noncash monetary unit in 1999 before being issued as currency notes and coins in 2002. The euro replaced the national currencies of participating EU states and some non-EU states.
Detailed explanation-2: -Although all EU countries are part of the Economic and Monetary Union (EMU), 20 of them have replaced their national currencies with the single currency – the euro. These EU countries form the euro area, also known as the eurozone.
Detailed explanation-3: -The name “the euro” was chosen in 1995 by a European Council meeting in Madrid. The symbol € is based on the Greek letter epsilon (), with the first letter in the word “Europe” and with 2 parallel lines signifying stability. The ISO code for the euro is EUR.
Detailed explanation-4: -The euro as the official currency Within the euro area, the euro is the only legal tender.
Detailed explanation-5: -Can You Use Euros in England? No, England and the rest of the U.K. use British Pounds as the national currency.