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UPPSC 1999 GS-I
Question
Which one of the following is not true for the "Euro" in 1999:
A)
It is a type of account
B)
It is means of deferred payments
C)
It is a means of payment
D)
It is in circulation
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Answer & Solution
Answer:
(Detailed Solution Below)
Option D:
It is in circulation
Detailed Solution:
The correct answer is
“It is in circulation”.
In 1999, the "Euro" was introduced as the official currency of the Eurozone, but it was not yet in physical circulation.
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