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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Pound sterling
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U.S. dollar
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Either A or B
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None of the above
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Detailed explanation-1: -The GBP, or British pound sterling, is the official currency of the United Kingdom and its territories. The GBP is the oldest currency in the world that is still used as legal tender.
Detailed explanation-2: -The pound sterling is the official currency of the United Kingdom (made up of England, Scotland, Wales and Northern Ireland).
Detailed explanation-3: -But prior to its exit, it was the most notable member of the European Union that elected not to use the euro. Rather, the U.K. continued to use the British pound sterling as its national currency.
Detailed explanation-4: -pound sterling, the basic monetary unit of Great Britain, divided (since 1971) decimally into 100 new pence.
Detailed explanation-5: -The official currency of the United Kingdom is the pound sterling, known as the pound (£, GBP). Each pound is divided into 100 pence (100p = £1).