Difficulty: Easy
Correct Answer: drachma
Explanation:
Introduction / Context:
Before the euro's introduction as cash in 2002, European nations used their own national currencies. This question checks your recall of Greece's pre-euro unit, a frequent item in general knowledge and competitive exams concerning economics and international affairs.
Given Data / Assumptions:
Concept / Approach:
The Greek drachma was the national currency until it was replaced by the euro for cash transactions in 2002 (accounting adoption had begun earlier). Other options: guilder (Netherlands, pre-euro), yen (Japan), dinar (used by several countries in the Middle East/North Africa and the Balkans) are not Greek.
Step-by-Step Solution:
Verification / Alternative check:
Historical banknotes and coins, as well as exchange rate records from the late 1990s, list values in GRD (Greek drachma), confirming correctness.
Why Other Options Are Wrong:
Common Pitfalls:
Confusing Mediterranean countries that later adopted the euro (e.g., Spain, Italy, Greece) with Middle Eastern or East Asian currencies due to similar-sounding names.
Final Answer:
drachma
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