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Commerce · Q334

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Graduate and Post Graduate · Commerce · question 334

Q334

Once the changeover to the euro was completed by 1st July, 2002, the legal-tender status of national currencies in the euro zone

A.
was cancelled, leaving the euro as the sole legal tender in the euro zone countries
Answer
B.
was affirmed at the fixed exchange rate
C.
was tied to gold
D.
None of the above

Answer: Option A

Solution

Answer: Option A
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