111 Money Facts Trivia Questions and Answers

As the saying goes, money makes the world go round and if you’re anything like me, the topic of money is something you always find fascinating. You can find below, over 100 money trivia questions and answers. These questions cover money and money related topics like economics, finance, accounting and more.

Money has so many interrelated subjects, so understanding the various facets of it can be a very enjoyable pastime. If you enjoy the idea of money, how it works, where it came from in its current form, and how it will evolve in the future, these 111 money trivia questions, will provide with a nice chunk of entertainment for your time. When it comes to money, there is a lot to learn, but the below will provide you with a great start, and if you are a seasoned money guru, you will find plenty of enjoyment in testing yourself on the topic.

So, if you are looking for money trivia questions, these 111 will be perfect for you. Use them for your next trivia night with your friends and family, or use them for a quiet night in of testing yourself. Either way, I hope you enjoy using them as much as I enjoyed creating them.

111 Money Trivia Questions and Answers

1. What is a legal entity or person, that owes a debt to another entity, and may also be referred to as the borrower in specific scenarios?

A Debtor or Debitor

2. What is the term for the type of money that is an established medium of exchange, often by government regulation, which lacks intrinsic value and does not have inherent use value, but value due to a government maintaining its value?

Fiat Money

3. What is an outflow of money, or any form of fortune in general, to another person or group to pay for an item or service, or for a category of costs called?

An Expense or Expenditure

4. What was the name of the U.S. chief justice that was on the face of the no longer circulated $500 note with the blue seal?

John Marshall

5. What is the name of the party that has a claim on the services of a second party and is owed money, property, or service by the borrower?

A Creditor or Lender

6. What is the term for matters regarding the management, creation, and study of money and investments, specifically dealing with questions around how and why an individual, company or government acquire the money needed and how they spend or invest that money?

Finance

7. What is the term for money in any form, when in use or circulation as a medium of exchange, especially circulating banknotes and coins?

Currency

8. Which U.S. secretary of the treasury was on both of the no longer circulated $10,000 bills with the blue, and the green seals?

Salmon P. Chase

9. What is the term for what is occurring, when many clients withdraw their money from a bank, because they believe the bank may cease to function in the near future?

A Bank Run

10. In economics, what is the difference between the revenue a business has received from its outputs and the opportunity costs of its inputs called?

A Profit

11. What is the term in finance, for the lending of money by one or more individuals, organizations, or other entities to other individuals, and the recipient incurs a debt on the principal amount borrowed, usually with interest?

A Loan

12. What type of loan is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged called?

A Mortgage Loan

13. What is the term for what occurs when the debtor has not met its legal obligations according to the debt contract such as not making the scheduled payments, or has violated a covenant in the debt contract?

Default

14. What kind of loan is a short term unsecured loan, typically with a high interest rate, where the borrower will write a posted dated check to the lender on their upcoming employment earnings, and receive a piece of that expected income from the lender in advance?

A Payday Loan

15. What is the process in accounting by which a company is brought to an end, and the assets and property of the company are redistributed?

Liquidation

16. What is the term for a counterfeit coin, that is made from a base metal core that has been plated with a precious metal to look like its solid metal counterpart?

A Fourrée

17. What is the state of being unable to pay the debts, by a person or company at maturity called?

Insolvency

18. In business, economics or investment, what is a market’s feature whereby an individual or firm can quickly purchase or sell an asset without causing a drastic change in the asset’s price called?

Market Liquidity

19. What is the term for a legal relationship in which the legal title to property is entrusted to a person or legal entity with a fiduciary duty to hold and use it for another’s benefit?

A Trust

20. In contrast to investing, what kind of spending is used for the acquisition of utility?

Consumption

21. What is term for a type of bank account maintained by a financial institution in which a customer can deposit and withdraw money?

A Deposit Account

22. What was the largest note ever printed by the U.S. Bureau of Engraving and Printing?

The $100,000 Gold Certificate

23. What is the legal term for unethical monetary loans, where the interest rate is charged in excess of the maximum rate that is allowed by law?

Usury

24. In economics, what is the decrease in the general price level of goods and services that occurs when the inflation rate falls below 0% called?

Deflation

25. What is the process by which the money supply of a country, or of an economic or monetary region, is increased called?

Money Creation or Money Issuance

26. In financial accounting, what is the term for a resource owned or controlled by a business or an economic entity, that can be utilized to produce positive economic value, represents value of ownership, and can be converted into cash?

An Asset

27. What type of currency, money, or money-like asset is primarily managed, stored or exchanged on electronic computer systems, especially over the internet?

Digital Currency

28. What type of money is money whose value comes from having value or use in themselves, as well as their value in buying goods?

Commodity Money

29. What is the measurement of a company’s liquidity, specifically the ratio of a company’s total cash and cash equivalents to its current liabilities called?

Cash Ratio

30. What is the financial term for something a person or company owes, usually a sum of money, that is settled over time through the transfer of economic benefits including money, goods, or services?

A Liability

31. What is the economic model of price determination in a market, where the unit price for a particular good, or other traded item, will vary until it settles at a point where the quantity requested at the current price, will equal the quantity provided, resulting in an economic equilibrium for price and quantity transacted?

Supply and Demand

32. What is the term in economics, for a measure of the amount of money, or money supply, in a national economy including both highly liquid “narrow money” and less liquid forms?

Broad Money

33. What is term for the total amount of bank notes and coins in a country, which includes the total currency circulating in the public, plus the currency that is physically held in the vaults of commercial banks, as-well-as the commercial banks’ reserves held in the central bank?

The Monetary Base

34. What the name of the document that orders a bank to pay a specific amount of money from a person’s account to the person in whose name the document has been issued to?

A Check or Cheque

35. Which U.S. president was on the no longer circulated $5,000 bill with the blue seal?

James Madison

36. What is the term in economics that is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high?

Stagflation

37. What is the term for all of the shares into which ownership of a corporation is divided?

Stock or Capital Stock

38. What is the term for a distribution of profits by a corporation to its shareholders, where when a corporation earns a profit or surplus, it is able to pay a proportion of the profit to shareholders?

A Dividend

39. What type of money is currency produced without the legal sanction of the State or government, usually in a deliberate attempt to imitate that currency and so as to deceive its recipient called?

Counterfeit Money

40. Which dynasty of China were the first to use paper money, known as “jiaozi”?

The Song Dynasty

41. In a lending agreement, what is a borrower’s pledge of specific property to a lender, to secure repayment of a loan, and serves as a lender’s protection against a borrower’s default, so that it can be used to offset the loan if the borrower fails to pay the principal and interest satisfactorily under the terms of the lending agreement called?

Collateral

42. What is the value of a coin, stamp or paper money as printed on the coin, stamp or bill itself by the issuing authority called?

The Face Value or Nominal Value

43. When a legal entity or person owes a debt where the bank is the creditor, what is the term for the debtor in this scenario?

A Borrower

44. Which is the system by which a government provides money in a country’s economy and usually consists of the national treasury, the mint, the central banks and commercial banks?

A Monetary System

45. What is the name for the type of United States paper money that was issued between August 1861 and April 1862 during the American Civil War in denominations of 5, 10, and 20 US$?

Demand Notes or Green Backs

46. What is the term for the amount of capital a bank or other financial institution has to have as required by its financial regulator?

A Capital Requirement or Regulatory Capital or Capital Adequacy

47. In 1661, what was the name of the first bank in Europe to issue banknotes?

The Stockholms Banco

48. What is the process by which a government, central bank, or monetary authority manages the money supply to achieve specific goals, usually to accommodate economic growth in an environment of stable prices?

Monetary Policy

49. What is the ownership of assets that may have debts or other liabilities attached to them called?

Equity

50. What is the instrument of indebtedness which is a type of debt security, under with it the issuer holds a debt, functioning in the form of a type of loan, where the borrower uses the funds to finance investments or expenditures, and interest is usually paId out on fixed intervals, known as a coupon payment?

A Bond

51. Which U.S. president was on the no longer circulated $1,000 bill with the green seal?

Grover Cleveland

52. What is the obligation that requires one party to pay money or any other agreed upon value to another party, who has issued credit on behalf of the initial party, and where payment or a series of payments are deferred to the creditor?

Debt

53. In economics, what is the concept that refers to the total satisfaction received from consuming a good or service?

Utility

54. What is a small flat government issued, typically round piece of metal or plastic, used mostly as a medium of exchange or legal tender, standardized in weight, and produced in large quantities at a mint in order to facilitate trade called?

A Coin

55. What does the acronym APR stand for?

Annual Percentage Rate

56. What is a general rise in the price level in an economy over a period of time, where each unit of currency buys fewer goods and services called?

Inflation

57. What is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum at a particular rate called?

Interest

58. What is the name of the monetary system in which the standard economic unit of account is based on a fixed quantity of gold?

A Gold Standard

59. What is the name of the most common form of banking practiced by commercial banks worldwide, which involves banks accepting deposits from customers and making loans to borrowers while holding in reserve an amount equal to a smaller portion of the bank’s deposit liabilities?

Fractional-reserve Banking

60. In financial accounting, what are used to always have a credit balance and can refer to a part of shareholders’ equity, a liability for estimated claims, or contra-asset for uncollectible accounts?

Reserve

61. What type of money is any medium of exchange, often printed on paper, that represents something of value, but has little or no value of its own, but has something of intrinsic value supporting the face value of the money?

Representative Money

62. What is the name of the central banking system of the United States?

The Federal Reserve System

63. What is the term for a compulsory finance charge or levy imposed on an individual or legal entity by a government related organization used to fund government spending on a variety of public expenditures?

A Tax

64. What type of funds are held in demand accounts in commercial banks, where the account balances are usually considered money and form the greater part of the narrowly defined money supply of a country, and can be withdrawn on demand, without any prior notice?

Demand Deposits or Non-confidential Money

65. What is the macroeconomic term for the total value of money available in an economy at a point of time?

Money Supply or Money Stock

66. In economics, what is the term for the business cycle contraction when there is a general decline in economic activity and there is a widespread drop in spending?

A Recession

67. What is the term for allocating money in the expectation of some benefit or return in the future by owning an asset or an item with the goal of generating income from the investment or the increase in the value of the asset over a period of time?

Invest

68. What is the school of thought in monetary economics that emphasizes the role of governments in controlling the amount of money in circulation, that asserts that the objectives of monetary policy are best met by targeting the growth rate of the money supply rather than by engaging in discretionary monetary policy?

Monetarism

69. In monetary economics, what is the term for the closely related ratio of commercial bank money to central bank money under a fractional-reserve banking system, where the total amount of loans that commercial banks are allowed to extend is equal to a multiple of the amount of reserves, and sets a maximum amount of commercial bank money that can be created?

A Money Multiplier

70. What is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations, that measures the results of an organization’s economic activities and conveys this information to a variety of users, including investors, creditors, management, and regulators called?

Accounting or Accountancy

71. In finance, what type of debt is a general obligation that is not protected by a guarantor, or collateralized by a lien on specific assets of the borrower in the case of a bankruptcy or liquidation or failure to meet the terms for repayment called?

Unsecured Debt

72. In macroeconomics, what kind of debt is debt which is used to fund consumption rather than investment?

Consumer Debt

73. What kind of money is a very high quality counterfeit United States one hundred-dollar bill, alleged by the U.S. Government to have been made by unknown organizations or governments, and is in worldwide circulation?

A Superdollar, Superbill or Supernote

74. What is name of what is either a government department related to finance and taxation, or a place or location where treasure, such as currency or precious items are kept?

A Treasury

75. What is a monetary measure of the market value of all the final goods and services produced in a specific time period called?

Gross Domestic Product or GDP

76. What is the amount of money originally invested or loaned, on which basis interest and returns are calculated called?

Principal

77. What is the cash created by a Central Bank by minting coins and printing banknotes called?

Legal Tender

78. What is the primary producer of a country’s coin currency, that has the consent of the government to manufacture coins to be used as legal tender called?

A Mint

79. What is the term for the use of a foreign currency in parallel to or instead of the domestic currency?

Currency Substitution

80. What is the name of the event, which was the gathering of 730 delegates from all 44 Allied nations at the Mount Washington Hotel in New Hampshire, United States, to regulate the international monetary and financial order after the conclusion of World War II?

The Bretton Woods Conference

81. What is the type of money created by private banks through the recording of loans as deposits of borrowing clients, with partial support indicated by the cash ratio, currently created as electronic money?

Bank Money

82. Which U.S. secretary of the treasury was on the no longer circulated $1,000 bill with the blue seal?

Alexander Hamilton

83. What type of institution manages the currency and monetary policy of a state or formal monetary union, oversees their commercial banking system, possesses a monopoly on increasing the monetary base, and most importantly, has supervisory and regulatory powers to ensure the stability of member institutions?

A Central Bank or Reserve Bank

84. What is the type of negotiable promissory note, made by a bank or other licensed authority, payable to the bearer on demand in the form of what we know to be, “paper money” called?

A Banknote

85. What was the name of the traditional shell bead of the Eastern Woodlands Native American tribes, which were used as a currency and means of exchange between the Colonists and Native Americans?

Wampum

86. What is the study or collection of currency, including coins, tokens, paper money and related objects called?

Numismatics

87. What is the name of the government guaranteed institution in a financial system that acts as the provider of liquidity to a financial institution, which may find itself unable to obtain sufficient liquidity in the interbank lending market and other facilities or sources have been exhausted?

A Lender of Last Resort or LOLR

88. What is the name of the committee within the U.S. Federal Reserve System, which oversees the nation’s open market operations, making key decisions about interest rates and the growth of the United States money supply?

The Federal Open Market Committee or FOMC

89. What is the financial term, which is the cost at which one national currency will be traded for another?

An Exchange Rate

90. What is the legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts called?

Bankruptcy

91. What is the name of the economic system in which the prices for goods and services are self-regulated by buyers and sellers negotiating in an open market?

A Free Market

92. What type of digital asset is designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of computerized database, using a strong mathematical and computational practice of encoding and decoding data to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership?

A Cryptocurrency

93. What is the form of security interest granted over an item of property to secure the payment of a debt or performance of some other obligation called?

A Lien

94. Which U.S. president was on the no longer circulated U.S $500 bill with the green seal?

William McKinley

95. According to the Ancient Greek historian Herodotus, which people were the first to introduce coins made of gold and silver?

The Lydians

96. What were the first issue of paper money by the United States that achieved wide circulation called?

Demand Notes

97. What was the first country in Europe to use paper money?

Sweden

98. What type of coins are made from precious metals, typically minted in weights that are fractions of one troy ounce, and are most commonly made from gold and silver?

Bullion Coins

99. What is the monetary standard in which the value of the monetary unit is defined as equivalent to certain quantities of two metals, typically gold and silver, creating a fixed rate of exchange between them?

Bimetallism

100. What is the term in economics, which is the very high and typically accelerating inflation that quickly erodes the real value of the local currency, as the prices of all goods increase?

Hyperinflation

101. What is the term for a non-physical asset whose value is derived from a contractual claim, such as bank deposits or bonds, and are usually more liquid than other tangible assets, such as commodities or real estate?

A Financial Asset 

102. What is the name of the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately, thereby generating a debt, but promises either to repay or return those resources at a later date?

Credit

103. What is the term of economics and finance, which is the entity that manages a country’s currency and money supply, often with the objective of controlling inflation, interest rates, real GDP or unemployment rate?

A Monetary Authority

104. What is the term for the central bank regulation that sets the minimum amount of reserves that must be held by a commercial bank?

Reserve Requirement or Cash Reserve Ratio

105. Which act created a decimal currency by creating the dime, nickel, and penny coins, as well as the dollar, half dollar, and quarter dollar coins, all of which are presently still minted?

The Coinage Act of 1792

106. In accounting, what is the term for the measure of the ability of a debtor to pay their debts as and when they fall due, typically expressed as a ratio or a percentage of current liabilities?

Liquidity

107. What is the legal financing and debt instrument, in which the issuing party promises in writing to pay a determinate sum of money to the payee party, at either a fixed or determinable future time or on demand of the payee, under specific terms called?

A Promissory Note

108. In economics, what is the term for the monetary principle stating that “bad money drives out good”?

Gresham’s Law

109. What is the mixture of metals that is typically used when making a coin called?

An Alloy

110. Which U.S. president was on the no longer printed $100,000 Gold Certificate?

Woodrow Wilson

111. Which U.S. law created the central banking system of the United States?

The Federal Reserve Act

Alex Romeo

I am a life long learner, trivia connoisseur, writer, and entertainment enthusiast. I have researched and written over 4,000 trivia questions to play on Triviamastermind.com. I hope you enjoy my website!

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