Which of the following statements most accurately describes currencies in North America?

• A. Canada and Mexico both use the euro, while the United States uses the dollar.
• B. Mexico uses the Canadian dollar, while the United States and Canada use the US dollar.
• C. All North American countries use the US dollar as their official currency.
• D. The United States uses the dollar, Canada uses the Canadian dollar, and Mexico uses the peso.

Answer: (D)

Verified step by step guidance

1. Step 1: Identify the countries in North America relevant to the problem: the United States, Canada, and Mexico.
2. Step 2: Recall the official currency used by each country: the United States uses the US dollar, Canada uses the Canadian dollar, and Mexico uses the Mexican peso.
3. Step 3: Evaluate each statement by comparing it to the known official currencies of these countries.
4. Step 4: Recognize that the euro is not used as an official currency in any of these North American countries, so statements mentioning the euro are incorrect.
5. Step 5: Conclude that the statement correctly describing the currencies is: 'The United States uses the dollar, Canada uses the Canadian dollar, and Mexico uses the peso.'