Here are the answers to the questions:
1. Euro is the currency used by the Institutions of the European Union and is the official currency of the eurozone.
2. There are 18 member states of the European Union that use the euro as their official currency. They are Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.
3. The euro is the second most traded currency in the world after the United States dollar.
4. There are 8 euro coin denominations ranging from 1 cent to 2 euro. Each coin has different characteristics.
Here are the answers to the questions:
1. Euro is the currency used by the Institutions of the European Union and is the official currency of the eurozone.
2. There are 18 member states of the European Union that use the euro as their official currency. They are Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.
3. The euro is the second most traded currency in the world after the United States dollar.
4. There are 8 euro coin denominations ranging from 1 cent to 2 euro. Each coin has different characteristics.
Here are the answers to the questions:
1. Euro is the currency used by the Institutions of the European Union and is the official currency of the eurozone.
2. There are 18 member states of the European Union that use the euro as their official currency. They are Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.
3. The euro is the second most traded currency in the world after the United States dollar.
4. There are 8 euro coin denominations ranging from 1 cent to 2 euro. Each coin has different characteristics.
Here are the answers to the questions:
1. Euro is the currency used by the Institutions of the European Union and is the official currency of the eurozone.
2. There are 18 member states of the European Union that use the euro as their official currency. They are Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.
3. The euro is the second most traded currency in the world after the United States dollar.
4. There are 8 euro coin denominations ranging from 1 cent to 2 euro. Each coin has different characteristics.
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EURO
FAHMI NUR ALFIYAN
PUNGGI SOEKARNO RETNO ANGGRAINI RIZKI DILI YANTI AMIR ROHMAH WIDYA ASTUTI TRY SAKTYAWAN
DEPARTEMENT/CLASS : ACCOUNTING / D LECTURER : SRI WAHYUNINGSIH S.S Meaning of EURO
Euro is the currency used by the Institutions of the European Union and is the
official currency of the eurozone, which consists of 18 of the 28 member states of the European Union. The euro is the second largest currency as well as the second most traded currency in the world after the United States dollar. As of August 2014, with more than €995 billion in circulation, the euro has the highest combined value of banknotes and coins in circulation in the world, having surpassed the U.S. dollar. History of Euro
If traced back, the Euro is the new demand deposits used since January 1, 1999, but if it is physically used the new Euro on January 1, 2002. The form of the Euro in any country look the same, but the difference would we see if we look at the euro in coins . At Euro form coins have different characteristics behind it. Euro currency in each country is given its own symbol. Name euro in ISO 4217 is EUR. There are many countries that use the euro as their official currency. They were mostly members of the European Union. Characteristics Euro coins and Euro banknotes Euro Coins : There are eight euro coin denominations , ranging from one cent to two euro ( the euro is divided into one hundred cents ) . Coin 1 cent euro Coin 2 euro cents Coins 5 euro cents Coin 10 euro cents Coins 20 cents euro Coins 50 euro cents Coins € 1 Coin € 2 Characteristics Euro coins and Euro banknotes Euro banknotes : 5 euro banknotes 10 euro banknotes 20 euro banknotes 50 euro banknotes 100 euro banknotes 200 euro banknotes 500 euro banknotes State Users of Euro
which consists of 18 of the 28 member states of the
European Union : 1. Austria, 2. Belgium, 3. Cyprus, 4. Estonia, 5. Finland, 6. France, 7. Germany, 8. Greece, State Users of Euro
11. Ireland, 12. Italy, 13. Latvia, 14. Luxembourg, 15. Malta, 16. the Netherlands, 17. Portugal, 18. Slovakia, 19. Slovenia, and 20. Spain. Benefits of the Euro
High degree of price stability
The euro is as stable as the best-performing currencies previously used in the euro area countries. This has established an environment of price stability in the euro area, exerting a moderating influence on price and wage-setting. As a consequence, inflation expectations and inflation risk premia have been kept low and stable. Even in the more challenging current environment, price stability in the euro area has not been jeopardised. More price transparency Payments can be made with the same money in all countries of the euro area, making travelling across these countries easier. Price transparency is good for consumers since the easy comparison of price tags makes it possible for consumers to buy from the cheapest supplier in the euro area, e.g. cars in different euro area countries. Therefore, price transparency created by the single currency helps the Eurosystem to keep inflation under control. Increased competition makes it more likely that available resources will be used in the most efficient way, spurring intra-euro area trade and thereby supporting employment and growth. Benefits of the Euro
Removal of transaction costs
The launch of the euro on 1 January 1999 eliminated foreign exchange transaction costs and thus made possible considerable savings. Within the euro area, there are no longer any costs arising from: buying and selling foreign currencies on the foreign exchange markets; protecting oneself against adverse exchange rate movements; cross-border payments in foreign currencies, which entail high fees; keeping several currency accounts that make account management more difficult. No exchange rate fluctuations With the introduction of the euro, exchange rate fluctuations and therefore foreign exchange risks within the euro area have also disappeared. In the past, these exchange rate costs and risks hindered trade and competition across borders. Questions
1. What is the meaning of euro ?
2. How much users of euro ? Mention it ! 3. Mentioned the currency most frequently traded ! 4. Mentioned characteristics of the euro in coins ! 5. Mentioned characteristics of the euro in banknotes ! 6. When the euro is started to used ? 7. Mentioned 2 benefits from used the euro ! 8. Explain about benefits from used the Euro ! 9. How much the circulation of the Euro ? 10. What is the impact exchange rate fluctuations ?
