WORLD HISTORY

POST COLD WAR WORLD

INTEGRATION OF EUROPE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the name of the common currency used in 26 of the 27 European Union nations?
A
The European Dollar
B
The Bitcoin
C
The Euro
D
The Continental
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: -European Union – Economy Euro is used as the common currency in the Eurozone. Euro is the 2nd most traded currency in the world.

Detailed explanation-4: -At present, the euro is legal tender in 20 out of 27 European Union member states, in addition to 5 countries not part of the EU (Monaco, San Marino, Vatican City, Andorra and Montenegro). Kosovo also uses the euro, but is only partially recognised as an independent state.

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