Statement I: The European Monetary Union has the same number of members as the European Union.
Statement II: Twelve nations of the European Union have adopted the euro as a common currency.
A)Statement I is true and statement II is false.
B)Statement II is true and statement I is false.
C)Both statements are true.
D)Both statements are false.

Question

Quizplus · Accepted Answer

Statement I is false because the European Monetary Union (Eurozone) does not include all European Union members. As of my last update, there are 27 EU countries but only 19 have adopted the euro. Statement II is also false because more than twelve nations in the European Union have adopted the euro as their common currency; the correct number is 19.

Statement I: the European Monetary Union Has the Same Number