Money Trivia
1. Who or what is pictured on the back of a penny?
- Abraham Lincoln
- The Lincoln Memorial
- The White House
Answer: The Lincoln Memorial
2. What's on the back of a dime?
Answer: A torch
3. Pennies are made up of only 2.5 percent copper. Which other metal makes up the rest?
- Bronze
- Brass
- Zinc
- Nickel based alloy
Answer: Zinc
4. The Massachusetts Bay Colony issued the first paper money in the America in what year?
Answer: 1690
5. What's the average life span of a dollar bill?
- 6 months
- 9 months
- 12 months
- 18 months
Answer: 18 months
6. What is ''debasement''?
- Reduction in coins’ precious metals
- Reduction in spending power
- Reduction in length of time the coin is in circulation
Answer: Reduction in coins’ precious metals
7. Which of these is an example of bullion?
- A Treasury note
- A company’s stock
- A silver ingot
Answer: A silver ingot
8. The Federal Reserve System issues currency through its 12 districts. Which of these cities is not the headquarters of one such district?
- New York
- Cleveland
- Los Angeles
- Kansas City
Answer: Los Angeles
9. All paper money has imprinted on its face an initial and a letter that indicates its ''birthplace.'' Which historic city is ''1'' and ''A''?
- Boston
- Williamsburg
- Charlotte
- Philadelphia
Answer: Boston
10. Most of the currency, or currency-related paper, in circulation in the United States is in the form of:
- Federal Reserve notes
- Silver certificates
- $20 bills
Answer: Federal Reserve notes
11. In addition to the Treasurer of the United States, who else has his or her signature appearing on U.S. currency?
- The President
- Chairman of the Federal Reserve board
- Secretary of the Treasury
Answer: Secretary of the Treasury
12. What is a ''C-note''?
- A promissory note
- Certificate of Deposit
- A $100 bill
Answer: A $100 bill
13. Who is the only woman whose portrait has appeared on U.S. paper money?
- Mary Lincoln
- Martha Washington
- Mamie Eisenhower
- Dolly Madison
Answer: Martha Washington
14. Who makes the final decision on whose portrait appears on our currency?
- The Vice President
- The President
- The Secretary of the Treasury
Answer: The Secretary of the Treasury
15. Which term describes the rate at which each dollar changes hands?
- Altitude
- Velocity
- Exchange
Answer: Velocity
16. The top 25 billionaires in this country could:
- Pay off 50% of the national debt
- Pay off 10% of the national debt
- Reach halfway to the moon if stacked in $1 bills
Answer: Pay off 10%
17. It is illegal for U.S. currency to bear the portrait of someone who is:
- Not dead
- Did not serve in the military
- Not a registered voter
Answer: Not dead
18. The ridges on the sides of coins are called:
- Splits or stokes
- Splits or spikes
- Reeding or milling
- Ridges
Answer: Reeding or milling
19. What happened to paper money in 1997?
- It became crisper
- Larger print and portraits were included
- Different color inks were added
Answer: Larger print and portraits were included
20. To deter counterfeiting on new, high-tech copiers, which security measure was added to $50 and $100 bills in 1990?
- Microprinting
- Microchipping
- Micronized dyes activated by digital devices
Answer: Microprinting
21. Coins and paper which must be accepted as payment for debts are known as legal:
- Recourse
- Tender
- Payment
- Paper
Answer: Tender
22. The term that refers to the relative ease of converting various assets into cash is:
- Mobility
- Liquidity
- Infinity
Answer: Liquidity
23. Finish this famous old jingle: ''Shave and a haircut...''
- Two pence
- Two bits
- Two bucks
- For sale
Answer: Two bits
24. Who or what is depicted on the front and back of a $50 bill?
- Andrew Jackson and the White House
- Ulysses S. Grant and the U.S. Capitol
- Thomas Jefferson and the Jefferson Memorial
Answer: Ulysses S. Grant and the U.S. Capitol
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