The common currency of the European Union is known as the ________.
A)European currency unit
B)eurodollar
C)euro
D)European unit of account

Question

Quizplus · Accepted Answer

The common currency of the European Union is known as the euro. Option A, European currency unit (ECU), was a basket of European currencies that served as a precursor to the euro. Option B, Eurodollar, refers to U.S. dollars held outside of the United States and has no relation to the euro. Option D, European unit of account, is a theoretical currency used in the calculation of economic indicators and has no physical existence.

The Common Currency of the European Union Is Known as the ________