What was the former name of the currency of Europe, now known as the Euro?
A
E-Mark
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B
ECU
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C
Doller
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D
Sterling
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Solution
The correct option is B ECU ECU( European Currency Unit) was the former name of the currency of Europe. Later it was replaced with EURO.
EURO is the name of the single European Currency that was officially adopted on December 16, 1995, in Madrid. The Euro was introduced to world financial markets as an accounting currency on January 1, 1999. It was put into circulation on January 1, 2002.