Euro & Money
What is the name of the common currency used by many EU countries?
The euro.
“Brexit” is a mix of which two words?
Britain and exit.
What does EU stand for?
European Union.
Thanks to the EU, can many Europeans travel to other EU countries with just an ID card?
True or false: All EU countries must use the euro.
False.
Brexit means which country left the EU?
The United Kingdom (UK)
Is the EU mainly about politics, business, or both?
Both.
When there are no customs checks and no passport control between many EU countries, what is this called:
open borders or closed borders?
Open borders.
One simple benefit of the euro for tourists: do they need to change money when moving between euro countries, yes or no?
No.
In which year did the UK vote for Brexit: 2010, 2016, or 2022?
2016.
About how many countries are in the EU today: 10, 27, or 50?
27.
A student from Italy goes to study in France with an exchange program (like Erasmus). Is this helped by EU rules, yes or no?
Yes.
The group of countries that use the euro is called the Eurozone. Is the UK part of this Eurozone now?
No.
After Brexit, is trade between the UK and the EU simpler or more complicated?
More complicated.
What is the EU’s big goal: fight each other or cooperate and work together?
Cooperate and work together.
The EU’s “Four Freedoms” include free movement of people and goods. Name one other:
Services or capital.
Give one reason why some countries do not want to join the euro.
Examples: they want to keep their own money, keep control over their interest rates, or fear economic problems
Name one group that is affected by Brexit.
Examples: UK exporters, EU exporters, students, workers who move between UK and EU, companies in Ireland, logistics/transport firms
Who is responsible for making the quotas for the European Iterest Rates?
The European Central Bank (ECB)
A Dutch company can easily sell its products in Germany because the rules are similar. Is this an example of the single market, yes or no?
Yes.