History Of Money Trivia Quiz

Approved & Edited by ProProfs Editorial Team
The editorial team at ProProfs Quizzes consists of a select group of subject experts, trivia writers, and quiz masters who have authored over 10,000 quizzes taken by more than 100 million users. This team includes our in-house seasoned quiz moderators and subject matter experts. Our editorial experts, spread across the world, are rigorously trained using our comprehensive guidelines to ensure that you receive the highest quality quizzes.
Learn about Our Editorial Process
| By Lynn Bradley
L
Lynn Bradley
Community Contributor
Quizzes Created: 319 | Total Attempts: 481,740
Questions: 10 | Attempts: 693

SettingsSettingsSettings
History Of Money Trivia Quiz - 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.


Questions and Answers
  • 1. 

    Before money, _____ existed as a form of exchange?

    • A.

      Batter

    • B.

      Bater

    • C.

      Batrer

    • D.

      Barter

    Correct Answer
    D. Barter
    Explanation
    Before money, barter existed as a form of exchange. Barter refers to the act of trading goods or services directly without the use of money. In a barter system, individuals would exchange items or services they have for items or services they need, creating a system of mutual benefit. This practice was common in ancient civilizations and small communities where money had not yet been introduced as a medium of exchange.

    Rate this question:

  • 2. 

    The earliest currency used in commercial transactions appears in _____

    • A.

      Egypt

    • B.

      China

    • C.

      India

    • D.

      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.

    Rate this question:

  • 3. 

    The earliest form of banking on record was practiced in _____

    • A.

      Assyria

    • B.

      Israel

    • C.

      Babylon

    • D.

      Phillistine

    Correct Answer
    C. 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.

    Rate this question:

  • 4. 

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

    • A.

      Farms

    • B.

      Barns

    • C.

      Temples

    • D.

      Palaces

    Correct Answer
    C. 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.

    Rate this question:

  • 5. 

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

    • A.

      Corinth

    • B.

      Ephesus

    • C.

      Collusus

    • D.

      Phillipia

    Correct Answer
    B. 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.

    Rate this question:

  • 6. 

    The earliest coin known in the western world were _____ shaped

    • A.

      Circular

    • B.

      Bean

    • C.

      Squarish

    • D.

      Rectangular

    Correct Answer
    B. 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.

    Rate this question:

  • 7. 

    _____ was the first ruler to mint coins in pure gold

    • A.

      Croesus

    • B.

      Augustus

    • C.

      Tiberius

    • D.

      Nero

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

    Rate this question:

  • 8. 

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

    • A.

      Ephesus

    • B.

      Ethopia

    • C.

      Lydia

    • D.

      Persia

    Correct Answer
    C. 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.

    Rate this question:

  • 9. 

    _____ was one of the shapes of the first Chinese coins

    • A.

      Oval

    • B.

      Knife blade with handle

    • C.

      Rectangular

    • D.

      Squarish

    Correct Answer
    B. 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.

    Rate this question:

  • 10. 

    Many of the currencies today derive from _____

    • A.

      Greek Originals

    • B.

      Chinese Originals

    • C.

      Arabic Originals

    • D.

      Roman Originals

    Correct Answer
    D. 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.

    Rate this question:

Quiz Review Timeline +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Mar 21, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Mar 15, 2019
    Quiz Created by
    Lynn Bradley
Back to Top Back to top
Advertisement
×

Wait!
Here's an interesting quiz for you.

We have other quizzes matching your interest.