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I’m pretty sure it’s A bit I’m not 100% on it
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There was also the matter that both of these countries had huge deposits of oil.
Explanation:
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The European Community (EC) was an economic association formed by six European member countries in 1957, consisting of three communities that eventually were replaced by the European Union (EU) in 1993. The European Community dealt with policies and governing, in a communal fashion, across all member states.
They need it because if not then if someone was to come to America from the UK they wouldn’t have any way to get to money. So there is exchanging so you can get the money here worth the money there. Hope this helps. It’s kinda hard to explain lol.