Several countries use the American dollar as their currency. If a nation did not want to create its own currency and did not want to use dollars, which of these would be the best choice?

Question

• Cuba's peso
• South Korea's won
• South Africa's rand
• The European Union's Euro

Answer 1

The European Union's Euro would be the best choice for a country that did not want to create its own currency and did not want to use the American dollar. The Euro is a widely used and stable currency that is accepted in multiple countries within the European Union. It would provide the country with a strong and established currency option without the need to create their own.