History Of Money Trivia Quiz

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  • 1/10 Questions

    Before money, _____ existed as a form of exchange?

    • Batter
    • Bater
    • Batrer
    • Barter
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About This Quiz

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.

History Of Money Trivia Quiz - Quiz

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  • 2. 
    The early gold, used as currency, was deposited in _____ for safe keeping - ProProfs

    The early gold, used as currency, was deposited in _____ for safe keeping

    • Farms

    • Barns

    • Temples

    • Palaces

    Correct Answer
    A. Temples
    Explanation
    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.

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  • 3. 
    The earliest coin known in the western world were _____ shaped - ProProfs

    The earliest coin known in the western world were _____ shaped

    • Circular

    • Bean

    • Squarish

    • Rectangular

    Correct Answer
    A. Bean
    Explanation
    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.

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  • 4. 
    The earliest form of banking on record was practiced in _____ - ProProfs

    The earliest form of banking on record was practiced in _____

    • Assyria

    • Israel

    • Babylon

    • Phillistine

    Correct Answer
    A. Babylon
    Explanation
    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.

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  • 5. 
    The earliest known coins in the western world are from the city  - ProProfs

    The earliest known coins in the western world are from the city 

    • Corinth

    • Ephesus

    • Collusus

    • Phillipia

    Correct Answer
    A. Ephesus
    Explanation
    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.

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  • 6. 
    Croesus, the first ruler to mint coins in pure gold, was the king of _____ - ProProfs

    Croesus, the first ruler to mint coins in pure gold, was the king of _____

    • Ephesus

    • Ethopia

    • Lydia

    • Persia

    Correct Answer
    A. Lydia
    Explanation
    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.

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  • 7. 
    Many of the currencies today derive from _____ - ProProfs

    Many of the currencies today derive from _____

    • Greek Originals

    • Chinese Originals

    • Arabic Originals

    • Roman Originals

    Correct Answer
    A. Roman Originals
    Explanation
    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.

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  • 8. 
    _____ was one of the shapes of the first Chinese coins - ProProfs

    _____ was one of the shapes of the first Chinese coins

    • Oval

    • Knife blade with handle

    • Rectangular

    • Squarish

    Correct Answer
    A. Knife blade with handle
    Explanation
    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.

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  • 9. 
    The earliest currency used in commercial transactions appears in _____ - ProProfs

    The earliest currency used in commercial transactions appears in _____

    • Egypt

    • China

    • India

    • Rome

    Correct Answer
    A. Egypt
    Explanation
    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.

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  • 10. 
    _____ was the first ruler to mint coins in pure gold - ProProfs

    _____ was the first ruler to mint coins in pure gold

    • Croesus

    • Augustus

    • Tiberius

    • Nero

    Correct Answer
    A. Croesus
    Explanation
    Croesus was the first ruler to mint coins in pure gold.

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Quiz Review Timeline (Updated): Mar 21, 2023 +

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  • Current Version
  • Mar 21, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Mar 15, 2019
    Quiz Created by
    Lynn Bradley
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