On the 1st of January 2002, 300 millions Europeans in twelve countries woke up to a new currency, the euro. The euro is not new: it had been used in electronic transfers and by banks in international businesses since 1999. But with the launch of euro banknotes and coins, anyone who lives, does business or travels in any of the twelve- countries will benefit from dealing in just one currency.There are seven euro banknotes denominations, which can be recognized easily by their look feel: the larger banknote the higher the value. There are also 8 denominations of euro coins each having a common side and a national side. The common side always shows the value of the coin. The national side differs from country to country.Euro banknotes and coins may be used in each of the participating countries. For the first time in the history of Europe twelve currencies have been traded in for just one. (Taken from the European Central Bank Advertisement)True or False:1. The euro was first used on January 1, 2002.2. Twelve countries used euro as their only currency.3. The euro will be convenient only for travelers and businessmen.4. A five hundred euro banknote will be larger than a two hundred one.5. Each country has different euro coins, which can only be used in that country.6. There are seven different euro banknotes and seven different coins.7. The national side of each coin shows how much it is worth. 8. Thirty million people have used the euro since January 1, 2002.9. Banknotes are easily recognized by their look and colour.10. The euro is the first currency in history to be used in twelve countries in Europe.

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