International Finance | MCQs

Explanation

Euro was introduced on 1 January 199

for the first 3 years, it was an invisible century

The euro is the second-largest reserve currency 

The euro is the second-most traded currency in the world 

The euro is the sole currency of 20 EU member states:

1. Austria
2. Belgium
3. Cyprus
4. Estonia
5. Finland
6. France
7. Germany
8. Greece
9. Ireland
10. Italy
11. Latvia
12. Lithuania
13. Luxembourg
14. Malta
15. the Netherlands
16. Portugal
17. Slovakia
18. Slovenia
19. Spain
20. Croatia.

ND7-3-2023

Explanation

The government contracted $15.32 billion worth of new foreign loans from multilateral institutions and commercial banks during the previous fiscal year (2020-21). As per, Annual Report on Foreign Economic Assistance 2020-21.