What is the currency used in Costa Rica?

What is the currency used in Costa Rica?

• A. Mexican Peso
• B. US Dollar
• C. Costa Rican Colón
• D. Guatemalan Quetzal

Answer: (C)

In Costa Rica, the official currency is the Costa Rican Colón. This currency is named after Christopher Columbus ("Cristóbal Colón" in Spanish) and has been in use since the 19th century. The Colón is subdivided into céntimos, similar to cents in other currencies. The usage of the Colón reflects Costa Rica's independence in managing its economy and finances. Although the US Dollar is widely accepted in many tourist areas and can sometimes be used alongside the Colón, it is not the official currency of the country. The other currencies mentioned, such as the Mexican Peso and Guatemalan Quetzal, are used in their respective countries and do not have any legal tender status in Costa Rica. This reinforces the unique financial identity of Costa Rica and its economy.

In Costa Rica, the official currency is the Costa Rican Colón. This currency is named after Christopher Columbus ("Cristóbal Colón" in Spanish) and has been in use since the 19th century. The Colón is subdivided into céntimos, similar to cents in other currencies. The usage of the Colón reflects Costa Rica's independence in managing its economy and finances. Although the US Dollar is widely accepted in many tourist areas and can sometimes be used alongside the Colón, it is not the official currency of the country. The other currencies mentioned, such as the Mexican Peso and Guatemalan Quetzal, are used in their respective countries and do not have any legal tender status in Costa Rica. This reinforces the unique financial identity of Costa Rica and its economy.