Class 8 Exam > Class 8 Questions > The currency of Paraguay is ____a)Kinab)Peruc... Start Learning for Free
The currency of Paraguay is ____
- a)Kina
- b)Peru
- c)Guarani
- d)Peso
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
The currency of Paraguay is ____a)Kinab)Peruc)Guaranid)PesoCorrect ans...
The currency of Paraguay is Guarani.
Explanation:
Here is a detailed explanation of why the correct answer is C: Guarani.
- Paraguay, a landlocked country in South America, uses the Guarani as its official currency.
- The Guarani is named after the indigenous people of Paraguay and is denoted by the symbol ₲.
- It is subdivided into 100 smaller units called céntimos.
- The Guarani has been the official currency of Paraguay since 1944 when it replaced the Paraguayan peso.
- The central bank of Paraguay, known as the Banco Central del Paraguay, is responsible for issuing and regulating the Guarani.
- The currency is widely used for everyday transactions in Paraguay, including buying goods and services, as well as for larger financial transactions.
- The exchange rate of the Guarani can fluctuate against other currencies, and it is important for visitors or those planning to do business in Paraguay to stay updated on the current exchange rates.
In conclusion, the currency of Paraguay is the Guarani, symbolized by ₲, which has been in use since 1944.
View all questions of this testExplanation:
Here is a detailed explanation of why the correct answer is C: Guarani.
- Paraguay, a landlocked country in South America, uses the Guarani as its official currency.
- The Guarani is named after the indigenous people of Paraguay and is denoted by the symbol ₲.
- It is subdivided into 100 smaller units called céntimos.
- The Guarani has been the official currency of Paraguay since 1944 when it replaced the Paraguayan peso.
- The central bank of Paraguay, known as the Banco Central del Paraguay, is responsible for issuing and regulating the Guarani.
- The currency is widely used for everyday transactions in Paraguay, including buying goods and services, as well as for larger financial transactions.
- The exchange rate of the Guarani can fluctuate against other currencies, and it is important for visitors or those planning to do business in Paraguay to stay updated on the current exchange rates.
In conclusion, the currency of Paraguay is the Guarani, symbolized by ₲, which has been in use since 1944.
 | Explore Courses for Class 8 exam |  |
Top Courses for Class 8View all
Top Courses for Class 8
Question Description
The currency of Paraguay is ____a)Kinab)Peruc)Guaranid)PesoCorrect answer is option 'C'. Can you explain this answer? for Class 8 2026 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about The currency of Paraguay is ____a)Kinab)Peruc)Guaranid)PesoCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 8 2026 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The currency of Paraguay is ____a)Kinab)Peruc)Guaranid)PesoCorrect answer is option 'C'. Can you explain this answer?.
The currency of Paraguay is ____a)Kinab)Peruc)Guaranid)PesoCorrect answer is option 'C'. Can you explain this answer? for Class 8 2026 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about The currency of Paraguay is ____a)Kinab)Peruc)Guaranid)PesoCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 8 2026 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The currency of Paraguay is ____a)Kinab)Peruc)Guaranid)PesoCorrect answer is option 'C'. Can you explain this answer?.
Solutions for The currency of Paraguay is ____a)Kinab)Peruc)Guaranid)PesoCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 8. Download more important topics, notes, lectures and mock test series for Class 8 Exam by signing up for free.
Here you can find the meaning of The currency of Paraguay is ____a)Kinab)Peruc)Guaranid)PesoCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of The currency of Paraguay is ____a)Kinab)Peruc)Guaranid)PesoCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for The currency of Paraguay is ____a)Kinab)Peruc)Guaranid)PesoCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of The currency of Paraguay is ____a)Kinab)Peruc)Guaranid)PesoCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice The currency of Paraguay is ____a)Kinab)Peruc)Guaranid)PesoCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice Class 8 tests.
| Explore Courses for Class 8 exam | |
Top Courses for Class 8
Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
