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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Not all EU countries use the euro.
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Some people move to wealthier countries for better-paying jobs.
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Businesses sometimes relocate to use cheaper labor.
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The euro is worth the same amount as the dollar.
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Detailed explanation-1: -The euro has been worth well more than the dollar for many years, but now the two currencies are almost equal. The euro made big news in July 2022 when it fell to the same value as the US dollar for the first time in two decades.
Detailed explanation-2: -That’s because the U.S. dollar is still the world’s dominant currency for trade and central bank reserves.
Detailed explanation-3: -Since the euro’s launch on January 1, 1999, it has spent less than two years valued at less than a dollar. The euro peaked on April 22, 2008, with an exchange rate of $1.60.
Detailed explanation-4: -Euros is the currency printed by the EU, European Union. Dollars is the currency printed by the US Government mint. Until recently, one euro was about 1.20 dollars.