Money Trivia Quiz
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Rich you may be, but only ultimate wealth makes you “as rich as Croesus”. Who or what was Croesus?
B) A medieval city-state that imposed heavy tariffs on Mediterranean trading vessels
C) A miserly Roman merchant mentioned in the New Testament book of Matthew
D) A region of southern Greece where gold and silver were mined throughout antiquity
The salt standard
“To be worth one’s salt” means that one gives good value for one’s pay. But where does this familiar phrase come from?
B) From the idea that a good man is made of salt, a bad man of mud
C) From the practice in ancient times of paying soldiers with salt
D) From the use of salt by Roman emperors as a lavish gift for dignitaries
Long spent, anyway
As monetary systems combine and evolve, many coins have passed out of use, and so have the words by which they were known. In the old (pre-1971) British system of 240 pennies to the pound, which coin was worth two shillings?
Let the merriment begin
We all love to pay our income taxes, but did you know that in times gone by, people weren’t always given this pleasure and privilege that we take for granted? Where was an income tax first imposed?
B) In Saladin’s Damascus, 1187 A.D.
C) In Elizabethan England, 1585 A.D.
D) In post-revolutionary France, 1792 A.D.
The Phillips Curve, introduced in a paper by New Zealand economist William Phillips in 1958, attempted to reveal the relationship between two quantities important to economists. What were they?
B) Growth and population
C) Income and investment
D) Unemployment and inflation
The mysterious East
When Marco Polo visited China in the 13th century, one thing that surprised him related to monetary practices. What was it?
B) Making extravagant gifts of money to parents was socially obliged
C) Paper currency, manufactured in official factories, was widely used
D) Peasants were not allowed to use money, but only to barter
The Charga-Plate, a product of the Charga-Plate Group of New York, was promoted from about 1935 into the 1950s as a way of helping consumers with their money. What did the Charga-Plate allow one to do?
B) Keep one’s coins and keys germ-free
C) Run a tab at a department store
D) Validate bank transactions without visiting the bank
A satoshi for your thoughts
Some well-known coins, such as the sou, the farthing, and the maravedi, are notable for their all but negligible value. Another example of monetary inconsequentiality is the satoshi. Of which currency is it the smallest unit?
A job for the Secret Service
In 1865, the United States formed the Secret Service. What was its purpose?
B) To combat the spreading use of counterfeit currency
C) To halt industrial espionage attempts from Canada
D) To prevent money-laundering across state lines
Country of one
The richest person of 2015 is Bill Gates, with a fortune estimated at $79.2 billion. If Gates were reclassified as a nation, where would he rank in a listing of national wealth (GDP)?
B) Not near the top, but a very respectable #88, above Uganda.
C) On the list, but near the back at #180, just trailing Samoa.
D) Rich, but he’s just one guy. He’d be down past the bottom.
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