{"id":48128,"date":"2024-04-15T22:36:46","date_gmt":"2024-04-15T22:36:46","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=48128"},"modified":"2024-04-15T22:36:46","modified_gmt":"2024-04-15T22:36:46","slug":"the-monetary-currency-of-greece-is-called-prior-to-jan-1-2002","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/the-monetary-currency-of-greece-is-called-prior-to-jan-1-2002\/","title":{"rendered":"The monetary currency of Greece is called (prior to Jan 1, 2002)."},"content":{"rendered":"<p>[amp_mcq option1=&#8221;guilder&#8221; option2=&#8221;drachma&#8221; option3=&#8221;yen&#8221; option4=&#8221;dinar&#8221; correct=&#8221;option2&#8243;]<!--more--><\/p>\n<p>The correct answer is B. The monetary currency of Greece is called the drachma. It was the official currency of Greece from 1832 to 2002, when it was replaced by the euro. The drachma was subdivided into 100 lepta. The word &#8220;drachma&#8221; comes from the Greek word &#8220;drachme&#8221;, which means &#8220;handful&#8221;. The drachma was first introduced in 1832, shortly after Greece gained independence from the Ottoman Empire. The first drachma coins were issued in 1833, and the first drachma banknotes were issued in 1841. The drachma was a stable currency for most of its history, but it suffered from hyperinflation in the 1940s and 1950s. The drachma was pegged to the US dollar from 1953 to 1973, and it was then pegged to the European Currency Unit (ECU) from 1979 to 2001. Greece joined the European Monetary Union in 2001, and the drachma was replaced by the euro on January 1, 2002.<\/p>\n<p>The other options are incorrect. The guilder was the official currency of the Netherlands from 1816 to 2002, when it was replaced by the euro. The yen is the official currency of Japan. The dinar is the official currency of several countries, including Iraq, Serbia, and Tunisia.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;guilder&#8221; option2=&#8221;drachma&#8221; option3=&#8221;yen&#8221; option4=&#8221;dinar&#8221; correct=&#8221;option2&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[958],"tags":[],"class_list":["post-48128","post","type-post","status-publish","format-standard","hentry","category-world-geography","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The monetary currency of Greece is called (prior to Jan 1, 2002).<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/the-monetary-currency-of-greece-is-called-prior-to-jan-1-2002\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The monetary currency of Greece is called (prior to Jan 1, 2002).\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;guilder&#8221; 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