Complete the sentence about Estonian kroon with the correct year: During the Great Depression in ______, the kroon went off the gold standard, devalued 35% and obtained a currency peg with sterling at £1 stg = 18.35 KR.
Answer and explanation
Correct answer: C. 1933
During the Great Depression, in 1933, the kroon left the gold standard, fell 35% and was pegged to sterling at £1 = 18.35 kroons. This stabilised its value.
Practise more History and Politics.
Free questions with an explanation for every one, and full timed Estonian General Knowledge mock tests.
More History and Politics questions
- What is the capital of Estonia?
- What is the name of the Estonian parliament, which has 101 members?
- Which currency has Estonia used since 2011?
- Which two countries have a land border with Estonia?
- On which date does Estonia celebrate its Independence Day?
- Which military alliance has Estonia belonged to since 2004?