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Europe's Currency -The Euro Trivia Quiz

What do you know about the changeover to the euro which took place on January 1, 2002. See also the quiz 'The Euro' by Lady Macbeth in the Currencies category of World.

A multiple-choice quiz by minch. Estimated time: 3 mins.

Author
minch

Time
3 mins

Type
Multiple Choice

Quiz #
53,368

Updated
Feb 04 23

# Qns
10

Difficulty
Average

Avg Score
6 / 10

Plays
2518

Last 3 plays: Guest 67 (7/10), Guest 24 (3/10), Guest 104 (9/10).

One at a Time - Single Page - Timed Game

Question 1 of 10

1. For many European countries January 1, 2002 marked the cash currency changeover to the euro. How many countries moved to using the euro officially at that date? Hint

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Question 2 of 10

2. On 1 January 2002, one of these four countries (all members of the EU at the time) switched over to using the Euro currency. Which one? Hint

Denmark

Finland

Sweden

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Question 3 of 10

3. When was the euro first introduced, in its non cash form? Hint

January 1, 2000

January 1, 1999

July 1, 2000

July 1, 1999

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Question 4 of 10

4. In what form was the euro introduced on January 1, 2002? Hint

debit card only

banknotes only

banknotes and coins

coins only

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Question 5 of 10

5. How many countries were part of the original group of countries using the euro in non-cash form? Hint

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Question 6 of 10

6. Which country in 2001 joined the original group of those using the euro? Hint

Greece

Switzerland

Sweden

Denmark

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Question 7 of 10

7. Some of the currencies used by the participating countries had been in use for many years. How long had the Greek drachma been in use? Hint

2,100 years

2,600 years

1,600 years

200 years

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Question 8 of 10

8. For a certain length of time both the euro and each country's original currency will be accepted. How long is this period in most of the participating countries? Hint

one month

six months

two weeks

two months

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Question 9 of 10

9. Northern Ireland has changed over to the euro. True or false?

True

False

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Question 10 of 10

10. What does EMS stand for? Hint

European Monetary Scheme

Euro Money System

European Monetary System

European Money Scheme

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Most Recent Scores

Nov 13 2024 : Guest 67: 7/10
Nov 03 2024 : Guest 24: 3/10
Nov 03 2024 : Guest 104: 9/10
Nov 03 2024 : Guest 172: 4/10
Oct 28 2024 : Guest 75: 4/10
Oct 28 2024 : PAULIO67: 9/10
Oct 26 2024 : Guest 192: 5/10
Oct 22 2024 : Guest 108: 3/10
Oct 22 2024 : Guest 104: 3/10

Score Distribution

Quiz Answer Key and Fun Facts

1. For many European countries January 1, 2002 marked the cash currency changeover to the euro. How many countries moved to using the euro officially at that date?

Answer: 12

Belgium, Germany, Spain, Portugal, Ireland, Italy, France, Austria, The Netherlands, Greece, Luxembourg and Finland are the twelve countries that started using the euro officially on January 1, 2002.

2. On 1 January 2002, one of these four countries (all members of the EU at the time) switched over to using the Euro currency. Which one?

Answer: Finland

Not all European countries are members of the EU, but of those who are, only Denmark and Sweden are not now using the euro (as at 2022). The UK formally left the EU in January 2020, having voted to do so in 2016 following a national referendum.

3. When was the euro first introduced, in its non cash form?

Answer: January 1, 1999

4. In what form was the euro introduced on January 1, 2002?

Answer: banknotes and coins

Over fifteen billion notes and 50 billion coins were produced. One side of the coins is common to all countries, the other side is specific to one of the member countries. Banknotes are all the same.

5. How many countries were part of the original group of countries using the euro in non-cash form?

Answer: 11

Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain. This was for commercial and financial transactions only; cash came in 2002.

6. Which country in 2001 joined the original group of those using the euro?

Answer: Greece

Greece qualified in 2000, and formally joined the Eurozone on 1st January 2001.

7. Some of the currencies used by the participating countries had been in use for many years. How long had the Greek drachma been in use?

Answer: 2,600 years

The silver drachma was used by the ancient Greeks.

8. For a certain length of time both the euro and each country's original currency will be accepted. How long is this period in most of the participating countries?

Answer: two months

9. Northern Ireland has changed over to the euro. True or false?

Answer: False

Ireland or Eire, has adopted the euro. Northern Ireland is part of the UK, and the UK has not changed its currency.

10. What does EMS stand for?

Answer: European Monetary System

The European Monetary System was established in 1979 by the European Union in order to bring some financial stability to Europe. Brussels is the headquarters both of the EMS and the EU.

Source: Author minch

This quiz was reviewed by FunTrivia editor stedman before going online.
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