What idea is the basis for the European Union currency, the euro?
A) Tying other European currencies to the euro will stabilize exchange rates.
B) The presence of the euro will eliminate soft currencies from the marketplace.
C) Having a single currency will strengthen Europe's global competitiveness.
D) The euro will eventually be used in Eastern Europe.

Question

Quizplus · Accepted Answer

Having a single currency, the euro, is intended to strengthen Europe's global competitiveness by facilitating easier trade, reducing exchange rate fluctuations, and fostering economic integration among member countries.

What Idea Is the Basis for the European Union Currency