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

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?

A. • Cuba's peso
B. • South Korea's won
C. • South Africa's rand
D. • The European Union's Euro

Answer 1

D. • The European Union's Euro

The Euro is a widely used and stable currency that is accepted in many countries within the European Union. Using the Euro would provide the nation with stability and acceptance in international trade.