It is almost impossible to live without money. Indeed, these small pieces of paper play an essential role in modern society. But how much do you know about the history and facts of currency? Let’s find out with the following 39 trivia money quiz questions and answers.
Money Quiz Questions And Answers
1. What is the most popular banknote in the world?
A. 100 US dollar
B. 50 Pound sterling
C. 50 Euro
2. When did people first use cowrie shells as money for transactions?
A. Around 1200 BCE
B. Around 500 BCE
C. Around 100
3. Whose portrait is featured on more than 200 different banknotes in around 33 countries in the world?
A. George Washington
B. Virgin Mary
C. Queen Elizabeth II
4. Which country was the first one to use printed paper currency in the world?
A. India
B. China
C. Germany
5. What is the most faked currency in the world?
A. US Dollar
B. Pound Sterling
C. Euro
6. MAD is the official currency of which African country?
A. Morocco
B. Algeria
C. Egypt
7. In 1988, Australia became the first country in the world to issue which type of banknote?
A. Cotton paper banknotes
B. Virtual banknotes
C. Polymer banknotes
8. Which of the following groups of people traded with whale teeth?
A. Aboriginal Australians
B. Native Americans
C. Fijians
9. What do we call a digital currency that does not exist in physical form and not issued by a central authority?
A. Virtual currency
B. Crypto currency
C. Decentralised currency
10. Fill out the right colour: At traditional lunar new years in many Asian countries, children receive lucky money in … envelopes.
A. Green
B. Red
C. Blue
11. In the United Kingdom, what is the highest denomination banknote in circulation?
A. 50 pound
B. 100 pound
C. 500 pound
12. As of 2020, how many countries are there in the eurozone, a monetary union of the European Union?
A. 19
B. 23
C. 28
13. During the 14th century, a counterfeiter of Chinese currency might face which punishment?
A. Forced labour
B. Decapitation
C. Imprisonment
14. Benjamin Franklin misspelt which word on the currency on purpose to deter counterfeiters?
A. Pennsylvania
B. America
C. Dollar
15. What is the official currency of Japan?
A. Won
B. Yen
C. Renminbi
16. Many historians believe that which was the first ancient civilisation to issue regulated coins?
A. Lydia
B. Persia
C. Greece
17. The one dollar coin of New Zealand features which flightless bird?
A. Dodo
B. Kiwi
C. Penguin
18. From which material was the currency in ancient Rome made?
A. Gold
B. Wood
C. Leather
19. The magnetic strip on credit cards was first introduced by which company?
A. Mastercard
B. IBM
C. Cisco
20. The International Monetary Fund is headquartered in which city?
A. Brussel
B. Washington D.C.
C. London
21. What was the currency used in Germany before the introduction of the Euro?
A. Guilder
B. Peso
C. Mark
22. Born in Scotland, this philanthropist and industrialist is usually considered to be one of the richest man ever in the United States. Who is he?
A. Andrew Carnegie
B. John D. Rockefeller
C. Cornelius Vanderbilt
23. What do we call the collection or study of currency, including paper money, tokens, coins, and associated items?
A. Coinumatics
B. Numismatics
C. Monematics
24. The Scottish inventor was the first person to develop which money-related object?
A. An ATM or automated teller machine
B. A credit card
C. A cash counting machine
25. Let’s try a simple math problem: If you deposit $100,000 into a saving account at an annual interest rate of 1%, how much money do you have after 2 years?
A. $102,000
B. $102,010
C. $101,000
26. What is an exchange rate?
A. The rate of conversing one currency to another
B. The rate of trading one commodity for another
C. The rate of selling a stock
27. Which is the first independent credit card firm in the world?
A. Diners Club International
B. Visa
C. Mastercard
28. Established in 1998, this U.S company is operating one of the largest online payment systems in the world. What is it?
A. TransferWise
B. Paypal
C. Square
29. The Old Lady of Threadneedle Street is the nickname of which British financial institution?
A. The Royal Bank of Scotland
B. Nationwide Building Society
C. The Bank of England
30. Which city is the most important financial centre in the European continent?
A. Frankfurt am Main, Germany
B. Paris, France
C. Amsterdam, the Netherlands
31. Wall Street, which is known as the financial epicentre of the United States, is named after what?
A. A legendary investor
B. A wooden wall to defend New York
C. The Wall Street Journal
32. Which of the following materials is no longer used for making coins?
A. Bronze
B. Gold
C. Tin
33. Why do people in the United States call a dollar a “buck”?
A. Buck was the nickname of George Washington
B. Buck was the person who first designed paper money in the US
C. The pelt of a male deer used to be worth one dollar
34. What is the name of the piggy bank character in “Toy Story”
A. Rex
B. Hamm
C. Bo Peep
35. Paper money was first used in which country?
A. China
B. Japan
C. India
36. Which famous pop group released the song “Money, Money, Money” in 1976?
A. Capenters
B. Bee Gees
C. ABBA
37. As of 2021, which of the following amount of money has more value?
A. 1 US dollar
B. 1 Euro
C. 1 British pound
38. Which of the following European countries does not have the Euro as its official currency?
A. Switzerland
B. Austria
C. Germany
39. As of 2022, what is the largest bank in the world?
A. Bank of America
B. JPMorgan Chase
C. China Construction Bank
What do you think about these money quiz questions and answers? We hope you have learned many interesting facts and knowledge. For more challenges, check out the following math quiz.
Beka Roba
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