Money Trivia – Page 3 – Trivia Mastermind

As the saying goes, money makes the world go round. Below, I have written 111 money trivia questions and answers. These questions cover money and money related topics like economics, finance, accounting and more. If you're anything like me, you will find the topic of money trivia fascinating. Money has many interrelated subjects, so understanding the various facets of it can be quite enjoyable. 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 and answers will provide you with a nice chunk of entertainment and learning for your time. You will find plenty of enjoyment in testing yourself on the topic; it is so interesting. Have fun! Contents 111 Money Trivia Questions & Answers1.1 Play 111 Money Trivia Questions Quiz1.2 Read 111 Money Trivia Questions & AnswersMoney Trivia Questions & Answers by Category1.3 Accounting Money Trivia Questions & Answers1.4 Currency Terms Money Trivia Questions & Answers1.5 Economics Money Trivia Questions & Answers1.6 Finance Money Trivia Questions & Answers1.7 Fun Facts About Money Trivia Questions & Answers1.8 Loans Money Trivia Questions & AnswersRelated Content1.9 Play Math Trivia2.0 Play Political Trivia2.1 Play Sports Trivia2.2 Play Computer & Technology Trivia2.3 Play Random Trivia Play 111 Money Trivia Questions Quiz Click Play Now to Launch Money Trivia Quiz Play NowPage 1 of 111 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 Creditor A Debtor A Broker A Lender Page 2 of 111 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? Representative Money Bank Money Commodity Money Fiat Money Page 3 of 111 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 A Profit A Trust A Loan Page 4 of 111 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? Salmon P. Chase James Madison Grover Cleveland John Marshall Page 5 of 111 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 Trustee A Debitor A Creditor A Borrower Page 6 of 111 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 Fourrée Usury Equity Page 7 of 111 What is the term for money in any form, when in use or circulation as a medium of exchange, especially circulating banknotes and coins? Investment Collateral Loan Currency Page 8 of 111 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? John Marshall Salmon P. Chase James Madison Grover Cleveland Page 9 of 111 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? Stagflation Liquidity Insolvency A Bank Run Page 10 of 111 In economics, what is the difference between the revenue a business has received from its outputs and the opportunity costs of its inputs called? An Investment A Loss Capital A Profit Page 11 of 111 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 Monetary Policy A Loan A Bond A Utility Page 12 of 111 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 A Profit Loan A Currency Loan A Finance Loan Page 13 of 111 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? Collateral Inflation Default Interest Page 14 of 111 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 Mortgage Loan A Payday Loan A Collateral Loan A Bond Loan Page 15 of 111 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 Regulation Deflation Inflation Page 16 of 111 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? Fourrée Usury Cheque Collateral Page 17 of 111 What is the state of being unable to pay the debts by a person or company at maturity called? Liquidity Collateral Insolvency Equity Page 18 of 111 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 Trust Market Insolvency Market Cap Market Liquidity Page 19 of 111 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 A Bond A Will A Deposit Page 20 of 111 In contrast to investing, what kind of spending is used for the acquisition of utility? Investment Consumption Capital Tax Page 21 of 111 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 An Asset Account A Commodity Account A Borrower Account Page 22 of 111 What was the largest note ever printed by the U.S. Bureau of Engraving and Printing? The $1,000,000 Gold Certificate The $1,000 Gold Certificate The $100,000 Gold Certificate The $10,000 Gold Certificate Page 23 of 111 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? Insolvency Usury Finance Demand Notes Page 24 of 111 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? Inflation Deflation Acredidation Reaccreditation Page 25 of 111 What is the process by which the money supply of a country, or of an economic or monetary region, is increased called? Money Assurance Money Issuance Money Allowance Money Balance Page 26 of 111 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? A Liability An Investment An Asset A Balance Page 27 of 111 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 Digital Asset Digital Rate Digital Exchange Page 28 of 111 What type of money is money whose value comes from having value or use in themselves, as well as their value in buying goods? Broad Money Liability Money Counterfeit Money Commodity Money Page 29 of 111 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 Equivalent Ratio Asset Ratio Investment Ratio Page 30 of 111 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? An Asset An Investment A Liability A Supply Page 31 of 111 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? Demand and Production Supply and Process Production and Process Supply and Demand Page 32 of 111 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? Representative Money Non-confidential Money Broad Money Counterfeit Money Page 33 of 111 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 Financial Foundation The Monetary Base The Money Foundation The Financial Quota Page 34 of 111 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 Wire A COD A Money Order A Check Page 35 of 111 Which U.S. president was on the no longer circulated $5,000 bill with the blue seal? James Madison Woodrow Wilson William McKinley Grover Cleveland Page 36 of 111 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? Inflation Stagflation Deflation Regulation Page 37 of 111 What is the term for all of the shares into which ownership of a corporation is divided? Capital Trust Capital Investment Capital Stock Capital Loss Page 38 of 111 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? An Asset A Dividend A Liability A Hedge Page 39 of 111 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? Commodity Money Representative Money Fiat Money Counterfeit Money Page 40 of 111 Which dynasty of China were the first to use paper money, known as "jiaozi"? The Song Dynasty The Xin Dynasty The Eastern Han The Qing Dynasty Page 41 of 111 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? Equity Demand Note Collateral Bonding Page 42 of 111 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 Merit Value The Front Value The Merit Front The Face Value Page 43 of 111 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 Lender A Bonder A Borrower A Reserver Page 44 of 111 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 A Country System An Economic Treasury An Economic Country Page 45 of 111 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$? Order Notes Demand Notes Order Letters Demand Letters Page 46 of 111 What is the term for the amount of capital a bank or other financial institution has to have as required by its financial regulator? Capital Adequacy Funding Reasonableness Reasonable Capital Capital Funding Page 47 of 111 In 1661, what was the name of the first bank in Europe to issue banknotes? Berenberg Bank Banca Monte The Stockholms Banco Hoare & Co Page 48 of 111 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 Fiscal Strategy Fiscal Approach Financial Strategy Page 49 of 111 What is the ownership of assets that may have debts or other liabilities attached to them called? Bond Dividend Collateral Equity Page 50 of 111 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 Collateral A Bond A Policy A Dividend Page 51 of 111 Which U.S. president was on the no longer circulated $1,000 bill with the green seal? Salmon P. Chase Alexander Hamilton Grover Cleveland James Madison Page 52 of 111 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 Collateral Bond Lend Page 53 of 111 In economics, what is the concept that refers to the total satisfaction received from consuming a good or service? Tax Utility Interest Inflation Page 54 of 111 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 Bit A Pence A Change A Coin Page 55 of 111 What does the acronym APR stand for? Annual Possible Rate Annual Percentage Rate Annul Possible Rate Annul Percentage Rate Page 56 of 111 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 Stagflation Deflation Bank Run Page 57 of 111 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? Stock Tax Reserve Interest Page 58 of 111 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 Platinum Standard A Gold Standard A Gold Merit A Platinum Merit Page 59 of 111 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? Partial-reserve Banking Fractional-stock Banking Partial-stock Banking Fractional-reserve Banking Page 60 of 111 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 Collateral Bond Money Stock Page 61 of 111 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 Bank Money Fiat Money Commodity Money Page 62 of 111 What is the name of the central banking system of the United States? The Central Institution System The Federal Reserve System The Federal Institution System The Central Reserve Federation Page 63 of 111 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? Interest Deflation A Tax Depreciation Page 64 of 111 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 Down Down Deposits Down Payment Demand Deposits Page 65 of 111 What is the macroeconomic term for the total value of money available in an economy at a point of time? Money Stock Currency Exchange Stock Exchange Money Currency Page 66 of 111 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 Depression A Currency Substitution A Currency Debt A Recession Page 67 of 111 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? Tax Invest Bond Demand Page 68 of 111 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 Capitalism Numismatics Gubernatorialism Page 69 of 111 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 Standard A Money Ratio A Money Multiplier A Money Threshold Page 70 of 111 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 Statistics Mathematics Tax Process Page 71 of 111 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? Secured Debt Consumer Debt Unsecured Debt Commercial debt Page 72 of 111 In macroeconomics, what kind of debt is debt which is used to fund consumption rather than investment? Unsecured Debt Consumer Debt Commercial Debt Secured Debt Page 73 of 111 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 A First-class A First-note A Superletter Page 74 of 111 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 Bank A Bond A Stock A Treasury Page 75 of 111 What is a monetary measure of the market value of all the final goods and services produced in a specific time period called? Net Imported Product Gross Domestic Product Net Domestic Product Gross Exported Product Page 76 of 111 What is the amount of money originally invested or loaned, on which basis interest and returns are calculated called? Principal Participle Loan Appreciation Page 77 of 111 What is the cash created by a Central Bank by minting coins and printing banknotes called? Legal Tender Legal Letter Legal Stock Legal Investment Page 78 of 111 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 Producer A Mint A Reserve A Bank Page 79 of 111 What is the term for the use of a foreign currency in parallel to or instead of the domestic currency? Currency Exchange Currency Parallel Currency Calculator Currency Substitution Page 80 of 111 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 The Brighton Woods Conference The Bingham Forest Conference The Burton Forest Conference Page 81 of 111 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? Private Money Private Borrowing Bank Money Bank Borrowing Page 82 of 111 Which U.S. secretary of the treasury was on the no longer circulated $1,000 bill with the blue seal? Salmon P. Chase Grover Cleveland William McKinley Alexander Hamilton Page 83 of 111 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 A Central Bond A Reserve Stock A Central Stock Page 84 of 111 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 Stockletter A Banknote A Bankletter A Stocknote Page 85 of 111 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 Boodle Brass Quid Page 86 of 111 What is the study or collection of currency, including coins, tokens, paper money and related objects called? Numismatics Numberistics Valuisticis Valuation Page 87 of 111 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 Last Chance Lender A Last Stop Lender A Lender of Last Resort A Secondary Lender Page 88 of 111 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 Capital Market Group The Federal Open Market Committee The Federal Market Group The Open Capital Market Committee Page 89 of 111 What is the financial term, which is the cost at which one national currency will be traded for another? A Market Rate An Exchange Rate A Finance Rate A Future Rate Page 90 of 111 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 Debt Secured Anullment Page 91 of 111 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? Free Market Capital Free Capital A Capital Market A Free Market Page 92 of 111 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 A Cripticurrency A Hydrocurrency NF Currency Page 93 of 111 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 Bond A Lien A Demand A Note Page 94 of 111 Which U.S. president was on the no longer circulated U.S $500 bill with the green seal? Woodrow Wilson Grover Cleveland William McKinley James Madison Page 95 of 111 According to the Ancient Greek historian Herodotus, which people were the first to introduce coins made of gold and silver? The Romans The Lydians The Han Dynasty The Babylonians Page 96 of 111 What were the first issue of paper money by the United States that achieved wide circulation called? Demand Letters Supply Notes Demand Notes Supply Letters Page 97 of 111 What was the first country in Europe to use paper money? Switzerland Poland Germany Sweden Page 98 of 111 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 Precious Coins Peseta Coins Doubloon Coins Page 99 of 111 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 Metalism Metavaluism Betavaluism Page 100 of 111 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? Hyperaflation Hyperdeflation Hyperinflation Hyperanflation Page 101 of 111 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 Demand Asset A Kept Asset A Bonded Asset A Financial Asset Page 102 of 111 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 Loan Bond Borrowed Trust Page 103 of 111 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 Domestic Finance Group A Financial Group A Domestic Financial Authority A Monetary Authority Page 104 of 111 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 Liquid Requirement Asset Requirement Bond Requirement Page 105 of 111 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 Money act of 1895 The Money Act of 1795 The Coinage Act of 1892 The Coinage Act of 1792 Page 106 of 111 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? Asset Depreciation Liquidity Liability Page 107 of 111 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 Bond Letter A Promissory Note A Bond Note A Promissory Preclude Page 108 of 111 In economics, what is the term for the monetary principle stating that "bad money drives out good"? Gresham's Law Keyne's Law Smith's Law Marshall's Law Page 109 of 111 What is the mixture of metals that is typically used when making a coin called? An Alloy A Plating A Coating A Metallurg Page 110 of 111 Which U.S. president was on the no longer printed $100,000 Gold Certificate? James Madison William McKinley Woodrow Wilson Grover Cleveland Page 111 of 111 Which U.S. law created the central banking system of the United States? The Federal Bank Decree The Federal Reserve Act The Federal Decree Bond The Federal Bond Act Read 111 Money Trivia Questions & Answers The following 111 money trivia questions cover every significant topic on and around money. The categories include currency terms, economics, accounting, finance and more. If you enjoy the topic of money, use these money trivia questions and answers to test yourself and others on these terms and concepts. Accounting Money Trivia Back to table of contents... Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business or organization. It involves tracking and reporting on the flow of money in and out of the organization, as well as the resources and liabilities. Accounting is also used to create financial statements, which are used to make informed business decisions. Additionally, accounting is used to assess the financial performance of the organization, and to generate financial reports for tax, regulatory, and other purposes. If you are interested in accounting, read on for accounting money trivia questions and answers. Accounting Money Trivia Questions & Answers 1. 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 2. 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 3. 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 4. 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 5. 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 6. What is the state of being unable to pay the debts, by a person or company at maturity called? Insolvency 7. 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 8. 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 9. 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 10. 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 251 Math Trivia Questions & Answers Learn fascinating facts from every field of math. Click the play now button to begin. Play Now Currency Terms Money Trivia Back to table of contents... Currency is a medium of exchange used to facilitate the exchange of goods and services. The term "currency" encompasses many forms, and the associated verbal terms. It is usually issued by a government and accepted as a legal tender. Currencies usually take the form of paper notes and coins, but can also take the form of digital tokens or electronic money. The value of a currency is determined by the demand for it, the supply of it, and the stability of the country it is issued in. For currency terms trivia, please continue reading for currency terms money trivia questions and answers. Currency Terms Money Trivia Questions & Answers 11. What is the mixture of metals that is typically used when making a coin called? An Alloy 12. 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 13. 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 14. Which U.S. president was on the no longer circulated U.S $500 bill with the green seal? William McKinley 15. According to the Ancient Greek historian Herodotus, which people were the first to introduce coins made of gold and silver? The Lydians 16. What were the first issue of paper money by the United States that achieved wide circulation called? Demand Notes 17. What was the first country in Europe to use paper money? Sweden 18. 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 19. 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 20. 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 21. What is the study or collection of currency, including coins, tokens, paper money and related objects called? Numismatics 22. 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 23. 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 24. What is the cash created by a Central Bank by minting coins and printing banknotes called? Legal Tender 25. 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 26. What is the term for the use of a foreign currency in parallel to or instead of the domestic currency? Currency Substitution 27. 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 28. 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 29. 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 30. 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 31. 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 32. 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 33. 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 34. 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 35. 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 36. 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 37. 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 38. 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 181 Political Trivia Questions & Answers For political trivia facts, click the play now button to begin. Play Now Economics Money Trivia Back to table of contents... Economics is the study of how people interact with scarce resources to satisfy their unlimited wants and needs. It examines how individuals and societies decide to allocate resources in order to produce and distribute goods and services. It also looks at how the decisions of individuals, businesses, and governments affect the overall performance of the economy. Economics is broken down into two main branches: microeconomics and macroeconomics. For trivia questions on economics, continue reading for economics money trivia questions and answers. Economics Money Trivia Questions & Answers 39. In economics, what is the term for the monetary principle stating that "bad money drives out good"? Gresham's Law 40. 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 41. 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 42. 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 43. 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 44. 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 45. 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 46. 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 47. In macroeconomics, what kind of debt is debt which is used to fund consumption rather than investment? Consumer Debt 48. 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 49. 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 50. 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 51. 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 52. 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 53. 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 54. 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 55. In economics, what is the concept that refers to the total satisfaction received from consuming a good or service? Utility 56. 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 57. 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 58. 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 59. 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 60. 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 61. 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 62. In contrast to investing, what kind of spending is used for the acquisition of utility? Consumption 63. 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 64. 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 65. 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 66. 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 67. 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 250 Sports Trivia Questions & Answers For sports trivia facts from every sport in existence, click the play now button to begin. Play Now Finance Money Trivia Back to table of contents... Finance is the study of managing money. It involves managing and investing funds, as well as understanding the markets, taxes, and laws that govern financial decisions. It also involves understanding the different types of investments, such as stocks, bonds, mutual funds, and other financial instruments. In addition, finance involves understanding how to estimate the future value of investments and how to manage risks associated with investments. For finance trivia facts, read on for finance money trivia questions and answers. Finance Money Trivia Questions & Answers 68. 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 69. What is the term of finance and economics, 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 70. 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 71. 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 72. What is the financial term, which is the cost at which one national currency will be traded for another? An Exchange Rate 73. 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 74. 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 75. 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 76. 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 77. 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 78. 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 79. 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 80. What is the term for all of the shares into which ownership of a corporation is divided? Stock or Capital Stock 81. 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 82. What is the ownership of assets that may have debts or other liabilities attached to them called? Equity 231 Computer & Technology Trivia Questions & Answers For computer & technology trivia from every field of computer science, click the play now button to begin. Play Now Fun Facts About Money Trivia Back to table of contents... Money is a pretty interesting topic. When you break it down in simple terms, money is any form of currency or commodity used to purchase goods or services. Beyond its simple concept, money encompasses many forms and has certainly evolved over time, whether it be through government intervention, the evolution of banking, regulations, and even forms. So while money is simple by definition, is actually quite the complex topic with a long standing history behind it. If you are interested in money fun facts, keep reading for fun facts about money trivia questions and answers. Fun Facts About Money Trivia Questions & Answers 83. Which U.S. president was on the no longer printed $100,000 Gold Certificate? Woodrow Wilson 84. Which U.S. law created the central banking system of the United States? The Federal Reserve Act 85. 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 86. Which U.S. secretary of the treasury was on the no longer circulated $1,000 bill with the blue seal? Alexander Hamilton 87. 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 88. What is the name of the central banking system of the United States? The Federal Reserve System 89. Which U.S. president was on the no longer circulated $1,000 bill with the green seal? Grover Cleveland 90. In 1661, what was the name of the first bank in Europe to issue banknotes? The Stockholms Banco 91. 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 92. 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 93. What was the largest note ever printed by the U.S. Bureau of Engraving and Printing? The $100,000 Gold Certificate 94. Which U.S. president was on the no longer circulated $5,000 bill with the blue seal? James Madison 95. Which dynasty of China were the first to use paper money, known as "jiaozi"? The Song Dynasty Play Random Trivia Now! Play random trivia questions from any of our many trivia categories. Click the play now button to begin. Play Now Loans Money Trivia Back to table of contents... Loans are sums of money borrowed by an individual, business, or other entity from a financial institution such as a bank or credit union. Loans are typically secured by collateral and are used to finance large purchases, consolidate debt, pay for unexpected expenses, or fund a business venture. They are in essence, the core of banking and economics. If you are interested in facts on monetary loans, read on for loans money trivia questions and answers. Loans Money Trivia Questions & Answers 96. 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 97. 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 98. What is the amount of money originally invested or loaned, on which basis interest and returns are calculated called? Principal 99. 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 100. What does the acronym APR stand for? Annual Percentage Rate 101. 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 102. 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 103. 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 104. 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 105. 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 106. 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 107. 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 108. 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 109. 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 110. 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 111. 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