Question

The European Union created a single monetary unit to replace the national currencies of twelve member nations. This common currency is known as the:

Answer 1

Euro.

Step-by-step explanation:

An international organization of European countries formed to protect the economic and social policies to strengthen peace in Europe, named European Union. It ensured the European integration by adopting a common currency (Euro), unified foreign policy, common citizenship rights and to protect Europe from any external threat.