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Management · Q132

International Finance and Treasury

Graduate and Post Graduate · Management · question 132

Q132

The euro is the name for

A.
a currency deposited outside its country of origin
B.
a bond sold internationally outside of the country in whose currency the bond is denominated
C.
a common European currency
Answer
D.
foreign currencies deposited in home country

Answer: Option C

Solution

Answer: Option C
Solution:
The euro is the name for a common European currency. On January 1, 1999, the European Union introduced its new currency, the euro. Originally, the euro was an overarching currency used for exchange between countries within the union, while people within each nation continued to use their own.