ECONOMICS
FOREIGN CURRENCY MARKETS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
New Zealand Development
|
|
|
New Zealand
|
|
|
New Zealand Department
|
|
|
New Zealand Dollar
|
Detailed explanation-1: -ISO 4217 is the international standard describing three-letter codes known as the currency code. (Example:NZD is the currency code for the New Zealand New Zealand Dollar) This code defines the names of currencies established by the International Organization for Standardization (ISO).
Detailed explanation-2: -The first two letters of the ISO 4217 three-letter code are the same as the code for the country name, and, where possible, the third letter corresponds to the first letter of the currency name. For example: The US dollar is represented as USD – the US coming from the ISO 3166 country code and the D for dollar.
Detailed explanation-3: -The New Zealand currency is known as the New Zealand dollar. The currency circulates in New Zealand, Tokelau, Pitcairn Islands, Niue, and the Cook Islands. Bill denominations include: $5, $10, $20, and $50, while coins include 10c, 20c, 50c.