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As soon as I entered this fascinating world I was looked upon with great expectations. The world was full of racism yet I was held in high esteem. People from the United States of America to Antartica looked at me as I rolled out from the parentage of Europeans. Since economists, raging bulls and bears did not know much about me, I caught the apprehension of my parents, the share market holders, the financial experts, scholars, students and so on. At my birth, I was placed on the lap of my mother, the Federal Bank.

Frankly, my brother Lira, my sister Sterling and my extended family members like the Deutsch Mark and the Yen were quite jealous of me. I knew my worth. I reveal this secret of mine. I am a form of money held or traded outside the country, in whose currency its value is stated. In future I will be globally accepted by the members of all the nations.

I now take pride of place in Euromarket, a financial market which deals with European currencies. I do not want to roll over, but I'd love to be accepted by the developing as well as underdeveloped nations.

Identify the statement that is not true according to the passage:

Solution

✅ Correct Option: 4

Option 1 -> Suggests European markets reacted strongly to the Euro launch.

Option 2 -> Personifies other currencies as being jealous of the Euro.

Option 3 -> Indicates the Euro was widely accepted globally despite prejudices.

Option 4 -> Claims the Euro's uniqueness is being valid only in one country.


Hence, Option 4 -> The Euro's uniqueness actually lies in being a common currency valid across multiple European Union member states, not just a single country. This multi-national validity is what makes it distinctive, making this statement false -> correct

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