Money Quiz: Trivia Questions and Answers
Free online printable quiz with multiple-choice questions (MCQ) without registration.
Money is an equivalent, which since ancient times has been the measure of prices. It can be easily exchanged for goods or services offered. In its form, money can be a special commodity, a security, a sign of value, various goods or values, a record of accounts.
The Money Quiz you can take on this page of our site consists of 10 multiple choice trivia questions with answers. Test your general knowledge of that topic!
Right answers
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1. What is money?
Any item or verifiable record that is accepted as payment for goods and services
2. What are the main functions of money?
Both
3. In how many procedures is the money created?
2
4. In which year was paper money introduced in Europe?
1661
5. What type of money replaced commodity money?
Representative money
6. What is counterfeit money?
The imitation currency produced without the legal sanction of the state or government
7. In which year the United States suspended the convertibility of the U. S. dollar to gold?
1971
8. When money is used as a medium of exchange?
When is used to intermediate the exchange of goods and services
9. What is fiat money?
A money whose value is not derived from any intrinsic value
10. In most major economies using coinage, how many coins make up the tiers of coins?
3