Q 01/05

The word 'money' comes from the Latin moneta, linked to the temple of which goddess?

A) Venus

B) Minerva

C) Juno

D) Vesta

Answer · why

C) Juno

Rome's mint stood at the temple of Juno Moneta on the Capitoline.

Q 02/05

Which function of money lets purchasing power be saved and spent later?

A) Medium of exchange

B) Unit of account

C) Store of value

D) Standard of deferred payment

Answer · why

C) Store of value

Money acts as a store of value because it can be held and spent later; the other classic functions are medium of exchange, unit of account and standar...

Q 03/05

Accounting records more than 7,000 years old, predating coins, have been found where?

A) China

B) The Indus Valley

C) Egypt

D) Mesopotamia

Answer · why

D) Mesopotamia

Mesopotamia: clay tokens and tablets recording debts of grain and livestock go back more than 7,000 years, long before the first coins appeared in Lyd...

Q 04/05

Lacking precious metals, 17th-century Sweden produced 'plate money' made of what?

A) Leather squares

B) Wooden tokens

C) Cast iron bars

D) Large slabs of copper

Answer · why

D) Large slabs of copper

Sweden struck plate money from large slabs of copper; the 10-daler plate of 1644 weighed nearly 20 kg and measured roughly 30 by 70 cm.

Q 05/05

The 'heads' side of a coin is formally called what?

A) Legend

B) Obverse

C) Exergue

D) Reverse

Answer · why

B) Obverse

The obverse is the heads side of a coin, usually carrying the principal portrait or design; the reverse is tails.