Why did 19 countries in Europe decide to make the euro their currency?(1 point)
Responses
to show that they are independent
to compete with countries that have large populations and strong economies
to show their important symbols
to show important people in their country’s history
The correct answer is: to compete with countries that have large populations and strong economies.
The decision to adopt the euro as a common currency was primarily driven by economic considerations. The participating countries believed that by sharing a single currency, they could increase their economic competitiveness and reduce transaction costs in cross-border trade and investment. Additionally, the euro was seen as a way to promote greater political and economic integration among European nations.