Currencies and Exchange Rates

India's official currency is the Indian Rupee (INR), controlled by the Reserve Bank of India. The Rupee has ancient origins, dating back over 2,000 years, and was decimalized in 1957.

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 often called the 'Aussie' in forex markets.

Bangladesh's official currency is the Taka (BDT), introduced in 1972 after independence from Pakistan. It replaced the Pakistani Rupee and is issued by the central bank, Bangladesh Bank.

Spain used the Peseta before adopting the Euro, Russia uses the Rouble, Thailand uses the Baht, and Malaysia uses the Ringgit. The correct matching is A-2, B-1, C-3, D-4. These currencies are specific to their respective countries' economic systems.

It is the currency of Poland.

The Won (Korean: 원, symbol: ₩) is the official currency of both North Korea and South Korea. While the question asks specifically about North Korea, both countries use currencies named Won. Options A, B, and D are incorrect as Afghanistan uses Afghani, Iraq uses Iraqi Dinar, and Saudi Arabia uses Saudi Riyal.

The Federal Reserve is the central banking system of the United States. It was created in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system.

Togo uses the West African CFA franc, not the pound. Sudan uses the Sudanese pound, Syria uses the Syrian pound, and Egypt uses the Egyptian pound. Togo is the correct answer.

Mexico uses the Mexican peso, while the other three countries use franc-based currencies. Burundi uses the Burundian franc, Chad uses the Central African CFA franc, and Congo uses the Central African CFA franc.

Singapore uses the Singapore dollar, Trinidad and Tobago uses the Trinidad and Tobago dollar, and Zimbabwe uses the Zimbabwean dollar. Kuwait uses the Kuwaiti dinar, not the dollar, as its currency unit.

Hot money refers to Foreign Institutional Investment (FII) - funds that move quickly between markets in search of higher short-term returns. Unlike FDI (Foreign Direct Investment) which is long-term and stable, FII is volatile and can exit rapidly, hence the term 'hot money'.

The Euro was introduced as an accounting currency in 1999 among EU member states, with physical notes and coins introduced in 2002. Pound and Dollar are much older currencies, while Lira was replaced by Euro in Italy.

The currency of Bangladesh is the Taka (currency code: BDT). One Taka is subdivided into 100 Poisha. Afghani is Afghanistan's currency. Pula is Botswana's currency. Franc CFA is used in West and Central African countries.

The Som is the official currency of Uzbekistan. The Uzbekistan Som (UZS) replaced the Soviet ruble in 1994. Riyal is used in Middle Eastern countries, while USD and Euro are not Uzbekistan's currency.