BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Dollar
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Dinar
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Yen
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Euro
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Detailed explanation-1: -Detailed Solution. The correct answer is European Union. Euro, monetary unit and currency of the European Union (EU).
Detailed explanation-2: -An economic and monetary union (EMU) was a recurring ambition for the European Union from the late 1960s onwards. EMU involves coordinating economic and fiscal policies, a common monetary policy, and a common currency, the euro.
Detailed explanation-3: -The Euro is the currency and monetary unit of the European Union, symbolized by the € sign. The euro was first launched as a noncash monetary unit in 1999, and currency coins and notes were released in 2002.
Detailed explanation-4: -Except for Denmark, all current and future members of the EU are obliged to adopt the Euro as their currency, thus replacing their current ones.
Detailed explanation-5: -The name “the euro” was chosen in 1995 by a European Council meeting in Madrid. The symbol € is based on the Greek letter epsilon (), with the first letter in the word “Europe” and with 2 parallel lines signifying stability. The ISO code for the euro is EUR.