Quiz Answer Key and Fun Facts
1. In the Caribbean country of Haiti, it is a common practice to price goods in Haitian dollars. What exactly about this is odd?
2. In May 2019, Facebook announced it was planning to launch a new digital currency in 2020, that could be used to make money transfers through the site. What is its name?
3. Although Bitcoin is the best-known cryptocurrency, it has inspired thousands of imitators. Many of these alternative cryptocurrencies have failed, while a few others have become reasonably successful. Which cryptocurrency, started in December 2013, was developed as a joke based on an internet meme, but has proven popular?
4. In the UK, racehorse auctions are priced in guineas rather than British pounds. What is particularly unusual about this practice?
5. What was the lowest ever denomination bank note issued in Hong Kong?
6. Despite not being recognised as a country by most of the world, the breakaway state of Transnistria issues its own currency. In 2014, it issued coins in the denominations of 1, 3, 5, and 10 rubles that had what distinction?
7. Many countries have experienced hyperinflation, that is, very rapid depreciation of their currency, during periods of instability. Hungary experienced extreme hyperinflation after World War II from 1945-1946. What was the highest denomination banknote that they produced during this period of rapid devaluation of their currency called the pengo?
8. In Kenya and Tanzania, a service called M-Pesa allows what to be exchanged as currency?
9. Many countries issue high-denomination banknotes. The real value of these will of course vary depending on the currency's exchange rate. In 2014, which of the following banknotes that were then in circulation would have had the largest real value considered in US dollars?
10. In the African nation of Cameroon in 2005, a trend caught on to use what unusual item as currency, particularly to pay for taxi rides?
Source: Author
agentofchaos
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stedman before going online.
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