Money and Currency Quiz

France is a member of the Eurozone and adopted the Euro as its official currency.

The currency of Japan is the Yen.

The currency of Australia is the Australian Dollar.

The Canadian Dollar is the official currency of Canada.

South Africa uses the South African Rand as its official currency.

The Federal Reserve System, the central banking system of the United States, issues US dollar bills.

Ben Bernanke, former chairman of the Federal Reserve, coined the term 'Quantitative Easing'.

While money serves as a medium of exchange, store of value, and unit of account, it is not a unit of credit.

Benjamin Franklin, one of the Founding Fathers of the United States, is featured on the current US $100 bill.

Bitcoin is a decentralized digital currency, commonly referred to as a cryptocurrency.

The Sumerian shekel is considered the first known paper currency in the world.

The People's Bank of China controls the issuance of the Chinese Yuan (Renminbi).

Fiat money is not intrinsically valuable, unlike commodity money; its value is derived from government decree.

The European Central Bank issues Euro banknotes.

Savings deposits are not considered part of the M1 money supply; M1 includes currency, demand deposits, and other liquid assets.