What is the official currency of Denmark, which also circulates in Greenland and the Faroe Islands?

Answer and explanation

Correct answer: D. Danish Krone (DKK)

  1. Step 1: The Danish Krone was introduced in 1875 under the Scandinavian Monetary Union.
  2. Step 2: Denmark holds an opt-out from the Eurozone under the Maastricht Treaty, but pegs the krone closely to the Euro via the ERM II mechanism.
Answer
Danish Krone (DKK)
Why not the others: 'Swedish Krona' is the currency of Sweden; 'Norwegian Krone' is the currency of Norway; 'Euro' is the currency of neighboring Germany and Eurozone members.

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