Quiz about euro

1 EUR=1.323 USD
1 EUR=106.22 JPY
1 EUR=0.8442 GBP
1 USD=80.29 JPY
1 USD=0.9125 CHF
1 GBP=1.5672 USD
1 USD=0.9985 CAD
1 USD=0.9404 AUD
1 EUR=1.2072 CHF

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Rates on 22 February 2012

Mini-quizz about the euro and the European Monetary Union (EMU)

A surprise will appear if you answer correctly to all the questions.

1 - When is born officially the Euro?

In May 1998
The 1st January 1999
The 1st January 2000

2 - How many countries belongs to the Euroland?

15 (France, Austria, Luxembourg, Spain, Portugal, Italy, Ireland, Belgium, Germany, Finland, Netherlands, Greece, United Kingdom, Sweden, Denmark)
12 (France, Austria, Luxembourg, Spain, Portugal, Italy, Ireland, Belgium, Germany, Finland, Netherlands, Greece)
11 (France, Austria, Luxembourg, Spain, Portugal, Italy, Ireland, Belgium, Germany, Finland, Netherlands)
10 (France, Austria, Luxembourg, Spain, Portugal, Italy, Ireland, Belgium, Germany, Netherlands)
16 (France, Austria, Luxembourg, Spain, Portugal, Italy, Ireland, Belgium, Germany, Finland, Netherlands, Greece, United Kingdom, Sweden, Denmark, Norway)

3 - What is the exchange rate between the euro and the German Mark?

1 euro = 1.96 German Mark
1 euro = 1 German Mark
1 German Mark = 1.95 euros
1 German Mark = 0.51129 euros
1 euro = 1.95583 German Mark
It depends of the day

4 - When will appear coins and bank notes in euro?

The 1st January 1999
The 1st January 2000
The 1st January 2001
The 1st January 2002
30 June 2002
The 1st January 2003

5 - Which one of the following currencies belongs to the Euroland?

Pound Sterling
Swiss Franc
US Dollar
Danish Krone
Finnish Markka
Icelandic Krone
Russian Rouble

6 - What has disappeared with the euro launch?

National sovereignty of countries belonging to the Euroland
Exchange rate margin by banks
Bank notes in German Mark
The ECU
Yugoslavia
Thieves
British Kingdom
European Union
German Bundesbank
Poverty

7 - When and how long will French (or German) and Euro bank notes can be both used to buy goods?

From 1st January 2001 during 6 months
From 1st January 2001 during 2 months maximum (depending of the countries)
From 1st January 2002 during 6 months
From 1st January 2002 during 2 months
From 1st January 2002 during 1 year

8 - Is it possible to have cheques in Euro with an account in German Mark (or other national currencies belonging to the euro)?

Yes but it is needed to ask to the bank for a cheque book.
It will be only possible from year 2002
No

9 - What will be the facial amount of the euro bank notes?

5, 10, 20, 50, and 100 euros.
5, 10, 20, 50, 100 and 200 euros.
5, 10, 20, 50, 100, 200 and 500 euros
5, 10, 20, 50, 100, 200, 500 and 1000 euros.
10, 20, 50, and 100 euros.

10 - What will be the facial amount of euro coins?

0.01 (1 cent), 0.02 (2 cents), 0.05 (5 cents), 0.10 (10 cents), 0.20 (20 cents), 0.50 (50 cents), 1 and 2 euros.
0.02 (2 cents), 0.05 (5 cents), 0.10 (10 cents), 0.20 (20 cents), 0.50 (50 cents), 1 and 2 euros.
0.05 (5 cents), 0.10 (10 cents), 0.20 (20 cents), 0.50 (50 cents), 1 and 2 euros.
0.05 (5 cents), 0.10 (10 cents), 0.20 (20 cents), 0.50 (50 cents), 1, 2 and 5 euros.

11 - How to convert an amount in German Mark to the euro?

Round the euro exchange rate against the German Mark to 2 decimals places then divide the amount in German Mark by this rounded exchange rate.
Multiply the amount in German Mark by the euro exchange rate in DM.
Divide the amount in German Mark by the euro exchange rate against DM and round result to two decimal places.
Divide the amount in German Mark by the euro exchange rate against German Mark and truncate the result to one euro.
It depends of the case if the amount of money is spent or received.