CSEET · Economic and Business Environment · Global Environment
Which of the following groupings of countries is an example of a bloc whose members share a single currency, the euro, as part of deep integration?
The Eurozone, made up of European Union members that have adopted the euro, is the grouping with a single currency. SAARC, ASEAN and BRICS cooperate on trade or policy but their members each keep their own national currencies.
- ASAARC
- BEurozone of the European UnionCorrect
- CASEAN
- DBRICS
Explanation
The Eurozone consists of EU members that have adopted the euro, which is a monetary union. SAARC, ASEAN and BRICS do not have a common currency, so they are wrong.
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