POST COLD WAR WORLD
INTEGRATION OF EUROPE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The type of money system a country uses is called its ____
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Trade bloc
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Currency
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Convoy
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Parliament
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Explanation:
Detailed explanation-1: -The money used by people of a particular country is known as currency. Different countries have different currencies. e.g. India has indian rupees as its currency, USA has US Dollar, UK has euro, etc.
Detailed explanation-2: -A monetary system is a system by which a government provides money in a country’s economy.
Detailed explanation-3: -Most commonly, the word currency can refer to any form of money that used in circulation throughout the public. Today, currency usually contains both coins (hard money) and paper (soft money). It is generally issued and maintained by a governing authority and is known as ‘fiat’ money.
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