1. What is the EURO? It is the word that designates the currency used by the Institutions of the European Union and it is also the official currency of the Eurozone. The Eurozone includes 17 of the 27 member states of the European Union (that is Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain). The currency is also used in a further five European countries and consequently…
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