The nations of the Euro Zone have: A. abandoned their national currencies and switched to a common currency. B. abandoned their national currencies and switched to American dollars. C. formed a single country called the Union of European Nations (UEN). D. recently admitted 10 new members.

Question

Social Studies

Duncan Castillo

24 July, 03:16

The nations of the Euro Zone have: A. abandoned their national currencies and switched to a common currency. B. abandoned their national currencies and switched to American dollars. C. formed a single country called the Union of European Nations (UEN). D. recently admitted 10 new members.

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Answers (1)

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Jazlynn Sanford · Answer 1

The nations of the Euro Zone have A. abandoned their national currencies and switched to a common currency.

Explanation:

The Euro Zone, or Euro Area, is a monetary union of 19 of the 28 European Union (EU) member states who abandoned their national currencies, such as the French franc, the Irish pound, the Italian lira or the Spanish peseta, and adopted the euro (€) as their common currency in 1999.