What is the official currency of China?

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Multiple Choice

What is the official currency of China?

Explanation:
Money used as the official tender in a country defines its currency. For China, the official currency is Renminbi, with the yuan as the basic unit. In practice you’ll see it referred to as Renminbi (RMB), and in international financial contexts by the code CNY. Hong Kong, which is a separate special administrative region, uses its own currency, the Hong Kong dollar. The other options describe economic concepts, not currencies, so they don’t fit as the official money of China.

Money used as the official tender in a country defines its currency. For China, the official currency is Renminbi, with the yuan as the basic unit. In practice you’ll see it referred to as Renminbi (RMB), and in international financial contexts by the code CNY. Hong Kong, which is a separate special administrative region, uses its own currency, the Hong Kong dollar. The other options describe economic concepts, not currencies, so they don’t fit as the official money of China.

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