Which currency do 17 members of the European Union share?

Enhance your GCSE Geography exam skills. Study with interactive quizzes covering key topics, insights into exam format, and success tips. Boost your confidence for exam day.

The euro is the currency shared by 17 members of the European Union, known collectively as the Eurozone. This currency was introduced to facilitate easier trade and travel between member states by providing a common means of transaction, thus eliminating the need for currency conversion among those countries that participated. The euro aims to stabilize the European economy and strengthen the economic ties among its members, which in turn can enhance economic growth and integration within the region.

The pound, the dollar, and the yen are currencies used in specific countries outside the Eurozone: the pound primarily in the United Kingdom, the dollar in the United States and some other countries, and the yen in Japan. These currencies do not serve as a common currency for the EU members, which is why they are not the correct answers to this question.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy