GK
CURRENCIES OF THE WORLD
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the national currency of Norway?
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Euro
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Norwegian mark
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Norwegian dollar
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Norwegian krone
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Explanation:
Detailed explanation-1: -The Norwegian krone (NOK), which began circulation in 1875, is the official currency of Norway. The krone’s regulation and circulation are controlled by the country’s central bank, the Norges Bank.
Detailed explanation-2: -The Norwegian currency is called kroner (currency code NOK) which is sometimes mistranslated into “crowns” in English.
Detailed explanation-3: -The value of Norwegian krone The Norwegian krone is independent from all other currencies, so it’s valued compared to USD or Euro will change all the time. As of May 2022, the value of the Norwegian krone is very low compared to Euro or United States Dollars. $1 USD is worth around 9.6 NOK, while €1 is worth 10.2 NOK.
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