Question:

What is the currency of China?

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While "Renminbi" is the official name, "Yuan" is the currency unit used in daily transactions in China.
Updated On: May 1, 2025
  • Yen
  • Yuan
  • Renminbi
  • Won
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The Correct Option is B

Solution and Explanation

Step 1: Identify China's official currency.
China’s official currency is called the Renminbi (RMB). Step 2: Understanding units.
The basic unit of the Renminbi is the Yuan, which is commonly used in global transactions. Step 3: Eliminate other options.
Yen – Japan’s currency
Won – South Korea’s currency
Renminbi – is the official name, but "Yuan" is the correct unit answer.
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