General Awareness ยท Banking Financial Awareness
Currencies and Exchange Rates
1,506 Questions
Knowledge of global currencies and exchange rates is vital for general awareness sections in banking and civil service exams. Topics include identifying the official currencies of various countries and understanding digital currency types. Use this collection to quickly memorize international currency symbols.
Country currency identificationDigital currency typesCurrency exchange tipsGlobal currency symbols
Currencies and Exchange Rates Questions
B
Correct answer
Explanation
Kazakhstan's official currency is the Tenge (KZT), introduced in 1993 after the Soviet collapse. It's subdivided into 100 tiyn. Lek is Albania's currency, Taka is Bangladesh's currency, and Euro is used by EU member countries. The Tenge was chosen as it means 'money' or 'set of scales' in Kazakh and other Turkic languages.
B
Correct answer
Explanation
South Korea's official currency is the Won (KRW), issued by the Bank of Korea. The Won is subdivided into 100 jeon, though jeon are rarely used due to low value. Taka is Bangladesh's currency, Dirham is used by Arab countries, and Yen is Japan's currency - a frequently confused but different currency.
A
Correct answer
Explanation
Algeria's official currency is the Algerian Dinar (DZD), issued by the Bank of Algeria. It's subdivided into 100 santeem. Peso is used by Latin American countries, Lek is Albania's currency, and Real is Brazil's currency. The Dinar name derives from the Roman denarius and is shared with several other North African and Middle Eastern currencies.
A
Correct answer
Explanation
Argentina's official currency is the Peso, abbreviated as ARS. The Argentine Peso has undergone several transformations throughout Argentina's complex economic history, including multiple devaluations and currency crises. The other currencies belong to different nations: US Dollar (United States), Won (South Korea), and Yen (Japan).
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Australian Dollar
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Rupiah
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Dinar
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US Dollar
A
Correct answer
Explanation
Australia's official currency is the Australian Dollar (AUD), introduced in 1966 to replace the Australian Pound. It is one of the most traded currencies globally and is divided into 100 cents. The other options are currencies of different countries: Rupiah (Indonesia), Dinar (used in several Middle Eastern and North African countries), and US Dollar (United States).
A
Correct answer
Explanation
Belgium uses the Euro as its currency, having adopted it in 2002 when it replaced the Belgian Franc. As a founding member of the European Union, Belgium was among the first countries to transition to the common European currency. The other options are currencies of different nations: Gourde (Haiti), Won (South Korea), and Real (Brazil).
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CFA Franc
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US Dollar
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Real
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UAE Dirham
A
Correct answer
Explanation
Benin uses the West African CFA Franc as its official currency. This currency is shared by eight West African countries and is guaranteed by the French Treasury, reflecting Benin's historical ties to France. The other options are currencies of different nations: US Dollar (United States), Real (Brazil), and UAE Dirham (United Arab Emirates).
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Real
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Euro
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Dinar
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Canadian Dollar
A
Correct answer
Explanation
Brazil's official currency is the Real (BRL), introduced in July 1994 as part of the Plano Real economic stabilization plan. The Real successfully ended Brazil's period of hyperinflation and replaced the Cruzeiro. The other options are currencies of different countries: Euro (European Union), Dinar (several Middle Eastern and North African countries), and Canadian Dollar (Canada).
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Lev
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Rupiah
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Yuan/Renminbi
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Canadian Dollar
A
Correct answer
Explanation
Bulgaria's official currency is the Lev (BGN), which is divided into 100 stotinki. Despite being a member of the European Union, Bulgaria has not yet adopted the Euro and continues to use the Lev. The other options are currencies of different countries: Rupiah (Indonesia), Yuan/Renminbi (China), and Canadian Dollar (Canada).
A
Correct answer
Explanation
Cambodia's official currency is the Riel (KHR), though US Dollars are also widely accepted in everyday transactions. The Riel was reintroduced in 1980 after the Khmer Rouge regime and is divided into 10 sen. The other options are currencies of different countries: US Dollar (United States), Won (South Korea), and Dinar (several Middle Eastern countries).
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CFA Franc
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Rupiah
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Euro
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Taka
A
Correct answer
Explanation
Cameroon uses the Central African CFA Franc as its currency, shared by six Central African nations. The CFA Franc is guaranteed by the French Treasury and maintains a fixed exchange rate with the Euro. The other options are currencies of different countries: Rupiah (Indonesia), Euro (European Union), and Taka (Bangladesh).
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Canadian Dollar
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Dinar
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US Dollar
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Euro
A
Correct answer
Explanation
Canada's official currency is the Canadian Dollar (CAD), divided into 100 cents. It is often abbreviated as 'C$' to distinguish it from other dollar-denominated currencies, particularly the US Dollar. The other options are currencies of different countries: Dinar (several Middle Eastern and North African countries), US Dollar (United States), and Euro (European Union).
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Colon
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Euro
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Taka
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Yuan/Renminbi
A
Correct answer
Explanation
Costa Rica's currency is the Colon (CRC), named after Christopher Columbus (known as Cristobal Colon in Spanish). The Colon was introduced in 1896, replacing the Costa Rican Peso, and is divided into 100 centimos. The other options are currencies of different countries: Euro (European Union), Taka (Bangladesh), and Yuan/Renminbi (China).
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UAE Dirham
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Birr
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Euro
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Gourde
B
Correct answer
Explanation
Ethiopia's official currency is the Birr (ETB), which means 'silver' in Amharic, Ethiopia's official language. The Birr is subdivided into 100 santims and has been Ethiopia's currency since 1945. The other options are currencies of different countries: UAE Dirham (United Arab Emirates), Euro (European Union), and Gourde (Haiti).
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Dinar
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Euro (Formerly Marka)
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Rupiah
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Pound Sterling
B
Correct answer
Explanation
Finland adopted the Euro in 1999, replacing the Finnish Markka (mark). Dinar is used in Middle Eastern countries, Rupiah is Indonesian currency, and Pound Sterling is British. Finland was one of the first EU countries to join the Eurozone.