Currencies of the World Quiz

currencies quiz

World currencies Quiz:

Ques. Which of the following is the currency of Kyrgyzstan?
(a) Lek
(b) Som
(c) Euro
(d) Kroon

Ans. (b)

Ques. Which of the following is currency of Mauritius?
(a) Rupee
(b) CFA Franc
(c) Dollar
(d) Pound

Ans. (a)

Ques. Which of the following is the currency of Eritrea?
(a) Peso
(b) Euro
(c) Zloty
(d) Nakfa

Ans. (d)

Ques. The currency of United Arab Emirates is.
(a) Rial
(b) Dinar
(c) Dirham
(d) None of these

Ans. (c)

Related: countries in Asia continent

Ques. Which of the following is currency of Japan
(a) Euro
(b) Yen
(c) Dollar
(d) Dinar

Ans. (b)

Ques. The currency of Ukraine is
(a) Euro
(b) Lek
(c) Dinar
(d) Hryvnia

Ans. (d)

 

Ques. Which of the following currency of Roma­nia?
(a) Peso
(b) Leu
(c) Franc
(d) Dollar

Ans. (b)

Related: pictures of all of the Presidents

Ques. Which of the following is the currency of Portugal?
(a) Rupiah
(b) Rupee
(c) Euro
(d) Rial

Ans. (c)

Ques. Currency of Angola is
(a) Luanda
(b) Kwanza
(c) Dinar
(d) Euro

Ans. (b)

Ques. Benin’s Currency is
(a) Franc
(b) Euro
(c) Yuan
(d) Colon

Ans. (a)

Related: EU Countries and Capitals

Ques. __ is the currency of Belarus.
(a) Shillling
(b) Euro
(c) Ruble
(d) Dollar

Ans. (c)

Ques. Peso is the currency of which country?
(a) Senegal
(b) Panama
(c) Peru
(d) Philippines

Ans. (d)

Ques. What is the official currency in the Micronesian island of Guam?
(a) Kina
(b) Peso
(c) US Dollar
(d) Renminbi

Ans. (c)

Related: American quiz questions

Ques. What is the currency of Kyrgyzstan?
(a) Kip (LAK)
(b) Som (KGS)
(c) Ringgit (MYR)
(d) Rial (OMR)

Ans. (b)

Ques. The currency of Andorra is
(a) Euro
(b) Dollar
(c) Pound
(d) Franc

Ans. (a)

Ques. The currency of Philippines is.
(a) Kyat
(b) Peso
(c) Rupee
(d) Yen

Ans. (b)

Ques. Forint is the currency of which country?
(a) Portugal
(b) Greece
(c) Spain
(d) Hungary

Ans. (d)

Which factor plays a role in establishing the value of a country’s currency?

Most of the world’s currencies are bought and sold, much like other commodities. These transactions occur in foreign exchange markets, which are marketplaces where people trade currencies. A currency’s value rises when lots of people want to buy it and decreases when fewer people want to buy it. In addition, if there is a large amount of a particular currency, the value will fall. In contrast, if there are few people wanting to buy the currency, its value will increase.
Currency use largely depends on the ability of a country to keep its value under control. It is crucial to avoid high inflation, which can cause the value of a currency to decrease significantly and weaken its role as an exchange rate. In other words, currency must be stable. Currency exchange is not possible if there is high inflation. In addition to the risks that come with currency exchange, foreign investors are often hesitant to invest in a country that has a high inflation rate.
Regardless of what type of currency you need to purchase, it is essential to understand how the currencies are defined. Each currency has a denomination that defines its value and a fractional unit. Often, the fractional unit is 1/100 of the main unit. The U.S. dollar, Japanese yen, and British pound are examples of currencies with smaller units. They are widely used around the world and are the preferred method of doing business in many countries.

About the author

Priya Jindal

Recognized as an insightful and resourceful counselor and content writer, I always look for new topics to write about which not only help people to understand something new but to write its best version to make everyone happy.

What did Alexander Graham bell invent? Who Was the President of the US During WW1?