How Much Do You Know About Currencies?
What is the only country on earth without coins? How much do you know about the currencies used all over the world? The quiz below will test your knowledge about the same. Generally, a currency is a money system in any form that a particular country uses. Do you know which country's coins have holes in them? How many types of currencies are there in the world? Play this amazing quiz to learn some amazing facts about currencies.
- 1.
Which is the only country on earth without coins?
- A.
Laos
- B.
Brazil
- C.
Argentina
- D.
India
Correct Answer
A. LaosExplanation
Laos is the only country on earth without coins. This is because the currency of Laos, known as the Lao kip, is only available in banknotes. Coins are not used in the country's monetary system. Therefore, Laos stands out as the only country where coins are not in circulation.Rate this question:
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- 2.
In 1685, which country used playing cards as currency because of the shortage of coins?
- A.
United States of America
- B.
Britain
- C.
New France
- D.
Paris
Correct Answer
C. New FranceExplanation
New France used playing cards as currency in 1685 due to the shortage of coins. This was a creative solution to address the lack of traditional currency, and it allowed the economy to continue functioning despite the scarcity. The use of playing cards as a form of currency demonstrates the resourcefulness and adaptability of the people in New France during that time.Rate this question:
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- 3.
Name the only woman who has appeared on a US paper currency?
- A.
Queen Elizabeth
- B.
Martha Washington
- C.
Queen Victoria
- D.
Queen Monica
Correct Answer
B. Martha WashingtonExplanation
Martha Washington is the correct answer because she is the only woman who has appeared on a US paper currency. She was featured on the face of the one dollar silver certificate from 1891 to 1896. While other women have been considered for inclusion on US currency, such as Harriet Tubman who will be featured on the new $20 bill, Martha Washington remains the only woman to have actually appeared on a US paper currency.Rate this question:
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- 4.
The first set of British India notes had whose portrait?
- A.
Mahatma Gandhi
- B.
'Victoria Portrait'
- C.
Indira Gandhi
- D.
None of the above
Correct Answer
B. 'Victoria Portrait'Explanation
The correct answer is 'Victoria Portrait'. The first set of British India notes featured the portrait of Queen Victoria. This was a common practice during the British colonial era to have the reigning British monarch's portrait on the currency of their colonies. Mahatma Gandhi, Indira Gandhi, and none of the above are incorrect options as they were not featured on the first set of British India notes.Rate this question:
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- 5.
For decades, which currency has been the world's principal reserve currency?
- A.
Dollar
- B.
Pound Sterling
- C.
Euro
- D.
Rupee
Correct Answer
A. DollarExplanation
The dollar has been the world's principal reserve currency for decades. It is widely accepted and used for international transactions and trade. The stability and strength of the US economy, as well as the dominance of the United States in global markets, have contributed to the dollar's status as the primary reserve currency. Many countries and central banks hold significant amounts of US dollars as reserves to maintain stability in their own economies and facilitate international trade.Rate this question:
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- 6.
Which country's coins have holes in it?
- A.
Sri Lanka
- B.
Bhutan
- C.
Japan
- D.
China
Correct Answer
C. JapanExplanation
Japan is the correct answer because the country's coins have holes in them. This is a unique feature of Japanese coins, where the center of the coin is removed, leaving only the outer ring. The purpose of these holes is to easily identify the value of the coins by their size and shape, as well as to make them more lightweight and convenient to carry.Rate this question:
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- 7.
Which country's banknotes feature a portrait of the queen on one side?
- A.
New Zealand
- B.
Britain
- C.
Egypt
- D.
Australia
Correct Answer
B. BritainExplanation
Britain is the correct answer because the banknotes of this country feature a portrait of the queen on one side. This is because Britain is a constitutional monarchy, and the queen is the head of state. As a result, her image is often depicted on official documents and currency, including banknotes. This is a common practice in countries with a monarch as the head of state, and it serves as a symbol of the country's history and tradition.Rate this question:
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- 8.
Which country invented paper money in the 9th century?
- A.
India
- B.
China
- C.
Japan
- D.
America
Correct Answer
B. ChinaExplanation
China is considered the country that invented paper money in the 9th century. During the Tang Dynasty, the Chinese government issued the first official paper money known as "jiaozi." This innovation was a response to the need for a more convenient and standardized medium of exchange. The use of paper money in China spread rapidly and eventually influenced other civilizations around the world.Rate this question:
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- 9.
The currency of Malaysia is known as
- A.
Ringgit
- B.
Peso
- C.
Rial
- D.
Pound
Correct Answer
A. RinggitExplanation
The currency of Malaysia is known as Ringgit. The term "Ringgit" is derived from the Malay word which means "jagged" or "irregular edge". The currency is issued and regulated by the Central Bank of Malaysia and is represented by the symbol "RM". The Ringgit is subdivided into 100 sen and is commonly used in Malaysia for daily transactions. It is the official currency of Malaysia and is widely accepted throughout the country.Rate this question:
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- 10.
Which is the highest valued currency in the world?
- A.
Dollar
- B.
Ruble
- C.
Kuwaiti Dinars
- D.
Pound
Correct Answer
C. Kuwaiti DinarsExplanation
Kuwaiti Dinars is the highest valued currency in the world. This is because the Kuwaiti Dinar has a high exchange rate compared to other currencies, meaning that it can buy more of other currencies. The strength of the Kuwaiti economy and its abundant oil reserves contribute to the high value of its currency.Rate this question:
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Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
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Current Version
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Nov 16, 2023Quiz Edited by
ProProfs Editorial Team -
Apr 01, 2010Quiz Created by
Walletwatch
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