Euro launched on international currency markets
  • 1. The Euro, introduced on January 1, 1999, as a digital currency for banking and financial markets, was launched on international currency markets with the ambition of becoming the primary currency for transactions and reserves across Europe and beyond. Initially, it involved eleven European Union member states aiming to facilitate economic stability, enhance trade, and promote seamless integration among the various national economies. The Euro's physical notes and coins were later released on January 1, 2002, replacing national currencies in these countries and symbolizing a significant step towards European unity. This currency quickly became one of the most widely traded in the world, rivaling the U.S. dollar in terms of its global influence and exchange liquidity. The Eurozone, comprising countries using the Euro, has grown to include 19 of the 27 EU member states, establishing the Euro not only as a medium of exchange but also as a testament to the collaboration between European nations in post-war recovery and economic cooperation. Its launch marked a pivotal moment in monetary history, fundamentally reshaping the landscape of foreign exchange markets and becoming a cornerstone of economic policy and stability within the region.

    When was the Euro officially launched on the international currency markets?
A) 2005
B) 1995
C) 1999
D) 2001
  • 2. How many countries initially adopted the Euro as their official currency?
A) 20
B) 15
C) 11
D) 5
  • 3. Which European Union institution is responsible for the monetary policy of the Eurozone?
A) Eurogroup
B) European Commission
C) European Parliament
D) European Central Bank
  • 4. What is the official currency of Italy before adopting the Euro?
A) Pound
B) Lira
C) Mark
D) Franc
  • 5. Which city is home to the European Central Bank?
A) Paris
B) Frankfurt
C) Brussels
D) Amsterdam
  • 6. Which important European Union treaty laid down the foundation for the creation of the Euro?
A) Maastricht Treaty
B) Lisbon Treaty
C) Rome Treaty
D) Nice Treaty
  • 7. What is the Euro's subdivided unit called?
A) Dime
B) Cent
C) Penny
D) Eurocent
  • 8. What did the Euro replace as the official currency in some European countries?
A) Cryptocurrency
B) National currencies
C) US Dollar
D) Gold standard
  • 9. What is the maximum number of countries that can adopt the Euro as their official currency according to EU treaties?
A) 32
B) 27
C) 23
D) 20
  • 10. In which year did Greece adopt the Euro?
A) 2004
B) 1999
C) 1995
D) 2001
  • 11. Which famous European landmark is featured on the back of the Euro banknotes?
A) Bridges
B) Mountains
C) Castles
D) Lakes
  • 12. The European Union flag features how many stars to represent its member countries?
A) 10
B) 8
C) 15
D) 12
  • 13. When did the Euro first become physical currency in the form of coins and banknotes?
A) 2005
B) 1999
C) 1995
D) 2002
  • 14. Which of the following countries is not part of the Eurozone?
A) Denmark
B) Estonia
C) Lithuania
D) Slovakia
  • 15. What is the official language used in Euro banknotes and coins?
A) English
B) German
C) French
D) Latin
  • 16. What is the smallest denomination of Euro banknotes in circulation?
A) €50
B) €5
C) €20
D) €10
  • 17. The Euro is the official currency of how many European Union countries?
A) 15
B) 22
C) 27
D) 19
  • 18. Which country was the last to adopt the Euro as its currency?
A) Slovakia
B) Latvia
C) Slovenia
D) Lithuania
  • 19. What is the Eurozone's official anthem called?
A) La Marseillaise
B) Ode to Joy
C) Deutschlandlied
D) God Save the Queen
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