Flashcards in Currency Deck (10)
What is the currency in Kazakhstan?
What is the currency in Thailand?
Region that consists of all the European Union countries that have fully incorporated the euro as their national currency.
A group of European countries that participate in the world economy as one economic unit and operate under one official currency - the Euro.
The EU's goal is to create a barrier-free trade zone and enhance economic wealth by creating more efficiency in the marketplace.
European Central Bank
Central bank responsible for the monetary system of the European Union and the Euro currency. (The ECB is in charge of EU monetary policy).
Formed in Germany in 1999, it works with the other national banks of the EU member states to formulate monetary policy.
Official currency of the European union's member states.
When was the Euro introduced?
Who are the European Union member states that have adopted the euro as their national currency?
What is the benefit of the Euro being used for so many different countries?
It removes exchange rate risk from businesses and financial institutions.