This quiz will test your knowledge on money/currency

December 1, 2021 7:25 AM

You know that money doesn’t grow on trees. But how much else do you know about the history of currency?

Quiz on money/currency

A forthright ago, we brought you a fun fact quiz on the Ghana Cedi, lets see how much you know about money/currency itself.

When were cowrie shells first used as money?

600 BCE

1200 BCE

1200

1600

1200 BCE Next question

Cowrie shells were first used as money about 1200 BCE. Although they may seem a pretty random choice, the shells had a number of advantages: they were similar in size, small, and durable.

What is wampum?

gold

tubular shell beads

cowrie shells

silver

tubular shell beads Next question

Shells in the form of wampum (tubular shell beads) was used as money by Native Americans.

What group of people used whale teeth as currency?

Yap Islanders

Aboriginal Australians

Fijians

Native Americans

Fijians Next question

Whale teeth were used as currency by Fijians.

What punishment did 14th century Chinese currency say that counterfeiters would face?

decapitation

imprisonment

flogging

forced labour

decapitation Next question

Chinese currency from about the 14th century carried the warning that counterfeiters would be decapitated.

What word did Benjamin Franklin purposefully misspell on currency to deter counterfeiters?

Pennsylvania

America

colonies

dollar

Pennsylvania Next question

Benjamin Franklin purposefully misspelled “Pennsylvania” on currency, believing that counterfeiters would correct the error in their forgeries.

According to many historians, which kingdom issued the first regulated coins?

Lydia

Babylon

Persia

Greece

Lydia Next question

According to many historians, the kingdom of Lydia (in present-day Turkey) issued the first regulated coins in the 7th century BCE.

The people of ancient Rome reportedly used currency made from what?

shell

wood

gold

leather

leather Next question

About the 6th century BCE leather and animal hide began to be fashioned into currency, and early ancient Rome reportedly used this type of money.

What country introduced paper currency?

Japan

England

India

China

China Next question

Given that paper is widely believed to have originated in China, it is fitting that that country introduced paper currency. This innovation is widely thought to have occurred during the reign (997–1022 CE) of Emperor Zhenzong.

What company introduced the magnetic strip on credit cards?

Visa

IBM

Oracle

Cisco

IBM Next question

We have IBM to thank for the magnetic stripe on credit cards, which was introduced in the 1960s to contain account information. Because of the stripe, merchants no longer needed to make phone calls to obtain authorization from credit companies.

What anonymous programmer or group of programmers created Bitcoin?

Satoshi Nakamoto

SFHTML5

Edureka Masterclass

Satoshi Nakamoto Next question

Bitcoin: is a digital currency system created in 2009 by an anonymous computer programmer or group of programmers known as Satoshi Nakamoto.

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Evans Effah Evans Effah is a seasoned journalist with a passion for news journalism, communications, and public relations. With over a decade of experience in the field, he has established himself as a prominent figure in the media industry.

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