Answer and explanation

Correct answer: C. 1 January 2014

  1. Step 1: Latvia replaced the lats with the euro. Step 2. The changeover happened on 1 January 2014. Answer: 1 January 2014. Why not the others: 1 May 2004 is EU accession, 2002 is when the euro was introduced elsewhere, and 2007 is Schengen.

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