Asked by Katie Uittenbogaard on May 01, 2024
Verified
The so-called eurozone refers to
A) all members of the European Union.
B) the EU nations that have adopted a common currency.
C) the combined Eastern and Western Europe.
D) nations in Europe where the U.S. has military bases.
Eurozone
A monetary and economic union of 19 European Union countries that have adopted the euro as their common currency.
European Union
A political and economic union of 27 European countries that are located primarily in Europe, aiming to foster economic cooperation and create a barrier-free single market.
Common Currency
A common currency is a currency that is used by multiple countries, facilitating trade and economic policy coordination.
- Understand the concept and significance of the eurozone and its impact on member countries.
Verified Answer
ZK
Zybrea KnightMay 05, 2024
Final Answer :
B
Explanation :
The eurozone refers specifically to the countries in the European Union that have adopted the euro as their common currency. As of 2021, there are 19 members of the eurozone.
Learning Objectives
- Understand the concept and significance of the eurozone and its impact on member countries.