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Why Did the European Union Develop the Euro as Its

Question 16

Multiple Choice

Why did the European Union develop the euro as its common currency?


A) To better compete with the U.S. dollar
B) To improve the integration of the economic system between member countries
C) To be able to outsource work to countries where wages are lower
D) To integrate a quality standard of production between member countries
E) To speed the issue of payment between member and nonmember countries

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