Australian Citizenship Practice Exam

Australia's official currency is the Australian Dollar, which is abbreviated as AUD. The Australian Dollar was introduced in 1966, replacing the Australian Pound as part of a decimal currency system. This transition to a dollar system helped simplify transactions and has made the AUD one of the most widely traded currencies around the world. The use of the dollar is also indicative of Australia’s stable economy, making the AUD a popular choice in foreign exchange markets.

The other currency options such as the Australian Pound, Australian Franc, and Australian Yen do not exist as official currencies in Australia. The Australian Pound was replaced by the dollar in 1966, the Australian Franc has never been in use, and the Australian Yen refers to the currency of Japan, making these options inaccurate. Understanding the correct currency is essential for financial transactions, travel, and other economic activities within Australia.

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