World currencies Quiz:
Ques. Which of the following is the currency of Kyrgyzstan?
Ques. Which of the following is currency of Mauritius?
(b) CFA Franc
Ques. Which of the following is the currency of Eritrea?
Ques. The currency of United Arab Emirates is.
(d) None of these
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Ques. Which of the following is currency of Japan
Ques. The currency of Ukraine is
Ques. Which of the following currency of Romania?
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Ques. Which of the following is the currency of Portugal?
Ques. Currency of Angola is
Ques. Benin’s Currency is
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Ques. __ is the currency of Belarus.
Ques. Peso is the currency of which country?
Ques. What is the official currency in the Micronesian island of Guam?
(c) US Dollar
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Ques. What is the currency of Kyrgyzstan?
(a) Kip (LAK)
(b) Som (KGS)
(c) Ringgit (MYR)
(d) Rial (OMR)
Ques. The currency of Andorra is
Ques. The currency of Philippines is.
Ques. Forint is the currency of which country?
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.