Friday Fun Money Quiz

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| By Catherine Halcomb

Catherine Halcomb

Community Contributor

Quizzes Created: 1442 | Total Attempts: 6,630,300

| Attempts: 219

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1/10 Questions

The new English £5 note contains traces of animal fat.
- True
- False

About This Quiz

In this edition of the fun friday quiz, there are some fun and interesting questions about money. You will come across a lot of strange, quirky and unique facts about Money, cash and its history. Share this quiz with your friends and family and let them know some interesting things about money!

2.

Only __% of the world's currency is in cash
- 8
- 20
- 35
- 50
Correct Answer

A. 8

Explanation

The correct answer is 8. This means that only 8% of the world's currency exists in the form of physical cash. The majority of currency is in digital form, such as bank account balances and electronic transactions. This shift towards digital currency is driven by advancements in technology and the convenience it offers. Additionally, digital currency reduces the risk of theft and counterfeiting associated with physical cash.

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3.

The motto on the first US coin was “Mind Your Business”
- True
- False
Correct Answer

A. True

Explanation

The explanation for the given answer, True, is that the motto on the first US coin was indeed "Mind Your Business." This motto was inscribed on the first US copper cent, also known as the Chain cent, which was minted in 1793. The phrase "Mind Your Business" was intended to remind individuals to focus on their own affairs and not meddle in the affairs of others.

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4.

Trees are cut down to make our banknotes.
- True
- False
Correct Answer

A. False

Explanation

This statement is false. Banknotes are not made from trees that are cut down. The majority of banknotes are made from cotton fiber, while some countries also use a combination of cotton and linen. The use of cotton or linen fibers in banknote production ensures durability and prevents counterfeiting. Therefore, trees are not directly involved in the production of banknotes.

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5.

How many US States border Alaska
- 0
- 2
- 4
- 6
Correct Answer

A. 0

Explanation

Alaska borders two Canadian Provinces, and has a maritime border with Russia.

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6.

In which decade did the Threepenny bit cease to be legal tender
- 1950s
- 1960s
- 1970s
- 1980s
Correct Answer

A. 1970s

Explanation

The Threepenny bit, a coin used in the United Kingdom, ceased to be legal tender in the 1970s. This means that it was no longer recognized as an official form of payment by the government during that decade.

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7.

How did HRH Prince Philip leave Greece due to the overthrow of his uncle, Constantine I, in 1922?
- On a plan
- In a fruit box
- On a horse
- In a mail crate
Correct Answer

A. In a fruit box

Explanation

HRH Prince Philip left Greece by hiding in a fruit box. This was a clever and unconventional way to escape the country during the political turmoil caused by the overthrow of his uncle, Constantine I, in 1922. By concealing himself in a fruit box, Prince Philip was able to avoid detection and safely leave Greece. This method of escape showcases the resourcefulness and adaptability of Prince Philip in navigating challenging circumstances.

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8.

Under the CIS, how much must ALDL deduct from suppliers of building services?
- 0%
- 20%
- 30%
- It depends
Correct Answer

A. 0%

Explanation

The CIS allows for all three of the above deduction rates. If the supplier isn't registered for CIS then the deduction is 30%. If they are registered without gross payment status then the deduction is 20%, and if they have gross payment status then it's 0%. Their status must be checked with HMRC - we can't just take a supplier's word for it!

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9.

_______________ is the world's oldest currency still in use

Correct Answer
Pound Sterling

Explanation
Pound Sterling is the world's oldest currency still in use. It has a long history dating back to the Anglo-Saxon period and has been in continuous circulation since the 8th century. The pound has survived various economic and political changes throughout the centuries, making it the oldest currency still in use today.

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