Which European nation has kept its own currency and maintains a fixed value against the euro?
A) the United Kingdom
B) Belgium
C) Denmark
D) Russia

Question

Quizplus · Accepted Answer

Denmark has kept its own currency, the Danish krone, and maintains a fixed exchange rate against the euro. This arrangement is known as the Exchange Rate Mechanism II (ERM II). The United Kingdom used to have its own currency and maintained a fixed value against the euro, but it left the ERM II in 1992 and does not use the euro as its official currency. Belgium uses the euro as its official currency and does not maintain a fixed exchange rate with it. Russia is not part of the European Union and does not use the euro.

Which European Nation Has Kept Its Own Currency and Maintains