The Ringgit is the present day official currency of which of the following countries?

Difficulty: Easy

Correct Answer: Malaysia

Explanation:


Introduction / Context:
Questions about national currencies and their names are common in general knowledge and competitive exams. Recognising which currency belongs to which country shows awareness of international affairs and economic terminology. This question focuses on the Ringgit and asks you to identify the country that uses this currency today.


Given Data / Assumptions:

  • The currency name given is Ringgit.
  • The options are Singapore, Malaysia, Switzerland, and Thailand.
  • We assume the modern official currency names currently in use.


Concept / Approach:
The Ringgit is the official currency of Malaysia and is often written as Malaysian Ringgit with the international currency code MYR. Historically, the term Ringgit referred to jagged edges of Spanish coins used in the region, and the name remained when Malaysia introduced its own currency. Other countries listed use different currencies: Singapore has the Singapore dollar, Switzerland uses the Swiss franc, and Thailand uses the baht. Therefore, only Malaysia matches the currency name Ringgit.


Step-by-Step Solution:
Step 1: Recall or recognise that the full name of the currency is Malaysian Ringgit.Step 2: Match it to the country Malaysia among the options.Step 3: Check the other options: Singapore dollar, Swiss franc, and Thai baht.Step 4: Confirm that none of the other countries use the term Ringgit for their currency.Step 5: Conclude that Malaysia is the correct answer.


Verification / Alternative check:
When you see currency abbreviations on financial news or banking websites, Malaysia is represented by MYR, often labelled as Malaysian Ringgit. Singapore appears as SGD, Swiss franc as CHF, and Thai baht as THB. This clear mapping of currency names and codes leaves no ambiguity that the Ringgit is associated with Malaysia.


Why Other Options Are Wrong:
Singapore: Uses the Singapore dollar as its official currency, not Ringgit.Switzerland: Uses the Swiss franc, a completely different currency with the symbol CHF.Thailand: Uses the baht as the national currency, again not Ringgit.


Common Pitfalls:
Some candidates may confuse the Ringgit with the currencies of other Southeast Asian countries because they are in the same region. Others may not remember the exact name of each currency and guess based on location. A good revision method is to create a small table of important country currency pairs, especially for Asian, European, and major world economies, and review it regularly before exams.


Final Answer:
The Ringgit is the present day official currency of Malaysia.

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