QUIZ 1 - EPISODE 1 (HIDDEN SECRETS OF MONEY)
Unlock the Secrets of Money
Test your knowledge about fiat currency, the history of money, and the fundamentals of modern finance with our engaging quiz! This quiz is designed to help you learn more about how currency works and the economic principles that shape our world.
Join our quiz to uncover:
- Key concepts in financial literacy
- Historical insights into currency evolution
- The impact of inflation and government policies on money
What is a fiat currency?
Paper money
Government currency backed by gold
Printed money with no backing
Government currency not backed by gold
Other
Please Specify:
What is the US Dollar backed by?
Gold
Silver
Gold & Silver
Nothing
About how many fiat currencies have went to zero in History?
Under 10,000
Over 8,000
Over 5,000
Over 10,000
Is the American Federal Reserve a Private or Public Corporation?
Public
Private
Public distorted as Private
Private distorted as Public
Which of the following is NOT a quality of currency?
Medium of Exchange
A Unit of Account
Portable
A Store of Value
Durable
Divisible
Fungible
What happens when governments print more and more currency?
Inflation
Less purchasing power
Governments buy items and fulfil their purpose
Governments become corrupt
What makes something a store of value?
Excess Quantity
Limited Quantity
None of the above
Which of these holds the most value over 100 years?
Monopoly money
USD note of $100
$50 worth of gold
$50 worth of silver
Would you rather?
Invest $1M over a year
Save $1M in a bank account over a year
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