The currency of the proposed European Monetary Union will be
Reviewed by Dalvoy
UPSC Civil Services preparation
- ADollar
- BEuroCorrect
- CGuilder
- DMark
Explanation
The correct answer is B because the Euro was established by the Maastricht Treaty of 1992 as the official currency of the European Union member states that formed the European Monetary Union. It was introduced as a virtual currency for accounting purposes in 1999 and entered physical circulation as banknotes and coins on January 1, 2002. The other options, such as the Guilder and Mark, were national currencies replaced by the Euro.
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