Once the changeover to the euro was completed by July 1, 2002, the legal-tender status of national currencies in the euro zone

Question

Quizplus · Accepted Answer

Once the changeover to the euro was completed by July 1, 2002, the national currencies in the euro zone were canceled and the euro became the sole legal tender in the euro zone countries. Therefore, option A is the correct answer. Option B is incorrect as the legal tender status of national currencies was canceled, not just affirmed at a fixed exchange rate. Option C is also incorrect as the legal tender status was not tied to gold.

Once the Changeover to the Euro Was Completed by July