Euro

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/euro

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the number of eurozone member states?20 countries
2. What is the year of introduction of physical currency?2002
3. When did the Euro become real money?The Euro was first used for accounting on January 1, 1999, and people could use Euro coins and notes from January 1, 2002.
4. Why did European countries decide to share one currency?Sharing one currency makes trade easier, removes exchange rate changes, and shows that the countries want to work together.

Eurozone: The group of European Union member states that have adopted the Euro as their sole legal tender, currently comprising 20 countries.
European Central Bank (ECB): The central bank responsible for monetary policy within the Eurozone, aiming to maintain price stability.
Monetary Union: An agreement between countries to share a single currency and a common monetary policy, managed by a central authority.
Convergence Criteria: Economic indicators that countries must meet to adopt the Euro, ensuring economic stability and integration.