History Of Money Trivia Quiz
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Before money, _____ existed as a form of exchange?
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Batter
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Bater
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Batrer
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Barter
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Essential to the development of trade, money is among one of the earliest and significant inventions of civilization. From cowrie shells to wampum, learn fun facts about the history of money by testing your knowledge in this History of Money Trivia Quiz. Whether Indian, Egyptian or Chinese, answer questions on cultures the early history of money.
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The early gold, used as currency, was deposited in _____ for safe keeping
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Farms
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Barns
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Temples
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Palaces
Correct Answer
A. TemplesExplanation
In ancient times, temples were considered sacred and secure places, making them ideal for storing valuable items such as gold. The early gold, which was used as currency, was deposited in temples for safekeeping due to their religious significance and the belief that they were protected by the gods. Temples were often built with strong walls and guarded by priests, ensuring the security of the stored gold. Additionally, the presence of gold in temples could also enhance the wealth and prestige of the religious institution.Rate this question:
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- 3.
The earliest coin known in the western world were _____ shaped
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Circular
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Bean
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Squarish
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Rectangular
Correct Answer
A. BeanExplanation
The earliest coin known in the western world were bean-shaped. This shape was commonly used in ancient civilizations such as Greece and Rome. The bean shape allowed for easy handling and stacking of the coins. It also made it difficult for counterfeiters to replicate the coins, as the unique shape would be hard to reproduce accurately. Additionally, the bean shape may have had cultural or symbolic significance in these ancient societies.Rate this question:
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- 4.
The earliest form of banking on record was practiced in _____
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Assyria
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Israel
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Babylon
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Phillistine
Correct Answer
A. BabylonExplanation
The earliest form of banking on record was practiced in Babylon. This ancient civilization is known for its advanced financial system, which included lending, deposits, and the use of clay tablets as records of transactions. Babylonian banks also provided loans to farmers and merchants, and they played a crucial role in facilitating trade and economic development in the region.Rate this question:
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- 5.
The earliest known coins in the western world are from the city
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Corinth
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Ephesus
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Collusus
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Phillipia
Correct Answer
A. EphesusExplanation
The correct answer is Ephesus. Ephesus is known for its ancient Greek and Roman ruins and was an important city in the western world during ancient times. It was also a major center of trade and commerce, which would have necessitated the use of coins as a medium of exchange. Therefore, it is likely that the earliest known coins in the western world originated from Ephesus.Rate this question:
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- 6.
Croesus, the first ruler to mint coins in pure gold, was the king of _____
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Ephesus
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Ethopia
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Lydia
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Persia
Correct Answer
A. LydiaExplanation
Croesus, the first ruler to mint coins in pure gold, was the king of Lydia. This is evident from historical records and archaeological evidence that show Croesus as the ruler of Lydia during the 6th century BC. Lydia was an ancient kingdom located in what is now modern-day Turkey. Croesus' introduction of pure gold coins revolutionized currency and set a standard for future coinage systems.Rate this question:
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- 7.
Many of the currencies today derive from _____
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Greek Originals
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Chinese Originals
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Arabic Originals
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Roman Originals
Correct Answer
A. Roman OriginalsExplanation
Many of the currencies today derive from Roman originals. The Romans were known for their advanced economic system and widespread use of currency. They introduced the concept of standardized coins and established a monetary system that was widely adopted and imitated by other civilizations. The Roman currency system had a lasting impact on the development of currencies around the world, making it the correct answer in this case.Rate this question:
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- 8.
_____ was one of the shapes of the first Chinese coins
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Oval
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Knife blade with handle
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Rectangular
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Squarish
Correct Answer
A. Knife blade with handleExplanation
The correct answer is "Knife blade with handle." This is because the first Chinese coins were shaped like knife blades with a handle, known as "knife money." These coins were used during the Zhou Dynasty in China, around 600 BC. They were made of bronze and had a distinct shape resembling a knife, with a pointed end and a handle-like protrusion. This unique shape of the coins facilitated easy handling and transportation.Rate this question:
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- 9.
The earliest currency used in commercial transactions appears in _____
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Egypt
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China
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India
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Rome
Correct Answer
A. EgyptExplanation
The earliest currency used in commercial transactions appears in Egypt. Egypt is known to have introduced the concept of using currency in trade and commerce. The ancient Egyptians used a system of bartering goods and services, which eventually evolved into a more standardized form of currency. They used small metal objects, such as rings and bars, as a medium of exchange. This early form of currency in Egypt laid the foundation for the development of monetary systems in other civilizations.Rate this question:
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- 10.
_____ was the first ruler to mint coins in pure gold
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Croesus
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Augustus
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Tiberius
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Nero
Correct Answer
A. CroesusExplanation
Croesus was the first ruler to mint coins in pure gold.Rate this question:
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Current Version
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Mar 21, 2023Quiz Edited by
ProProfs Editorial Team -
Mar 15, 2019Quiz Created by
Lynn Bradley
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