Q. Which of the European Union member countries use euro as its currency?
- Denmark
- Spain
- Hungary
- Austria
- Bulgaria
Select the correct answer using the codes given below:
Answer:
Only 2 & 4
Notes:
- A monetary union was established in 1999 and came into full force in 2002 and is composed of 19 EU member states which use the euro currency. These are Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, and Spain.
- 8 EU members (Bulgaria, Croatia, Czech Republic, Denmark, Hungary, Poland, Romania, Sweden) do not use the euro.