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What is the official currency of Japan?
Question

What is the official currency of Japan?

A.

Won

B.

Yuan

C.

Yen

D.

Dollars

Correct option is C

The correct answer is: (c) Yen
Explanation:
  • The official currency of Japan is the Yen (¥), which is abbreviated as JPY. The yen is one of the most traded currencies in the world and plays a significant role in the global economy.
  • It was introduced in 1871 during the Meiji era as part of the modernization and standardization of Japan’s currency system.
Information Booster:
  • Yen is subdivided into 100 sen, but the sen is rarely used.

  • The currency code for the yen is JPY.

  • Yen is the third-most-traded currency in the world, after the U.S. Dollar and Euro.

Additional Information:
  •  Won –  Won is the currency of South Korea.

  •  Yuan – Yuan is the currency of China.

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