What monetary method was replaced by the Spanish peseta?

7. What monetary method was replaced by the Spanish peseta?

  1. Silver escudo
  2. Spanish real
  3. Barter
  4. Gold escudo

Answer: D) Gold escudo

Explanation:

Before the use of the euro in 2002, three types of currencies were introduced to circulate the monetary system of Spain the earlies were Spanish real, Spanish escudo i.e., Silver and later gold, and the gold escudo was used till the end of 1869 until the Spanish peseta was introduced.

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