Why did the European Union decide to start its own currency? Correct Answer(s) Drag appropriate answer(s) here It would get rid of member state central banks and replace them with one single EU central bank. Press Space to open It would create a shared sense of identity among EU members. Press Space to open It would increase the EU's power in the international system by having the euro as a reserve currency. Press Space to open It would allow for one single measure of prices across the EU