GK
CURRENCIES OF THE WORLD
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Euro
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Krone
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Dollar
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Pound sterling
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Detailed explanation-1: -The pound sterling, or GBP, is the official currency of the United Kingdom. The pound is also used in Jersey, Guernsey, Gibraltar, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. The GBP is subdivided into 100 pence.
Detailed explanation-2: -The pound is divided into smaller parts known as penny sterling which is one-hundredth of a GBP. Instead of pounds a lot of stocks are dealt in pence and in such cases, the stock exchange would use GBX or GBP in order to specify the difference between pence and pounds.
Detailed explanation-3: -The Sterling pound is an official national currency and used only in the United Kingdom and on the South Georgia and South Sandwich Islands. It is considered a key currency with particular importance in international trade.