The adoption of the _________ as a common currency in the European Union in 1999 signifies a major change in the global financial environment.
A) euro
B) lira
C) pound sterling
D) French franc
E) Swiss franc

Question

Quizplus · Accepted Answer

The adoption of the Euro as a common currency in the European Union in 1999 marked a significant shift in the global financial environment. The Euro has become a major player in international trade and is the second-most widely used currency in the world after the U.S. dollar. Its adoption has also had implications for monetary policy and economic integration within the European Union.

The Adoption of the _________ as a Common Currency in the European