BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Portugal
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Greece
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Lithuania
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Latvia
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Detailed explanation-1: -16.01. 2015-Lithuania’s changeover from the litas to the euro has been smooth and successful.
Detailed explanation-2: -The eurozone consists of the following 19 countries in the EU: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, and Spain.
Detailed explanation-3: -From this date Lithuania will become the 19th full-fledged member of the eurozone, which will start using the euro as the single currency of the European Union. The irrevocably fixed conversion rate of the litas to the euro has also been approved: EUR 1 = LTL 3.
Detailed explanation-4: -You can use the euro in 20 EU countries: Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain. Discover more about the euro, which countries use it and the exchange rates.
Detailed explanation-5: -The latest country to join the euro area (also referred to as ‘eurozone’) was Croatia, which introduced the common currency on 1 January 2023. The euro was introduced as an accounting currency in 11 member states on 1 January 1999.