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The use of cash is in steady decline in the UK and will make up less than half of all transactions within five years, research suggests. So test yourself on the history of coins and notes.
1.) Multiple Choice Question
Sir Isaac Newton is perhaps best known for his work on gravity, but late in life he also took charge of the Royal Mint. What monetary change was he responsible for?
Adoption of paper money
Move towards gold standard
Face of monarch on all coins
2.) Multiple Choice Question
Which of these is not a term for the blank metal discs which get turned into coins?
Planchet
Flan
Blank
Coinette
3.) Multiple Choice Question
According to the Greek historian Herodotus, which people was the first to produce gold coinage?
Lydians
Carians
Persians
Egyptians
4.) Multiple Choice Question
Many US coins carry mint marks. These are usually the letters P for Philadelphia, S for San Francisco, D for Denver and W. For what?
Wilmington
Washington DC
Worcester
West Point
5.) Multiple Choice Question
Which ancient culture regularly produced coins that were round but with a square or rectangular hole in the centre?
Ancient China
Ancient Greece
Ancient Egypt
Ancient Babylonia
6.) Multiple Choice Question
Where are the first banknotes usually said to have come from?
Egypt
China
India
Japan
7.) Multiple Choice Question
The current Bank of England Â?20 note carries an image of Adam Smith and a quote from his most famous work. Which is it?
The division of labour in pin manufacturing
The greatest improvement in the productive powers of labour
Labour was the first price, the original purchase-money
Answers
It was the gold standard - essentially a commitment that all money is backed up by gold reserves. In 1717, a report written by Newton fixed the relationship between gold and silver at a rate that shifted Britain inexorably towards the gold standardWe just made up "coinette". All the rest are real words.He said it was the Lydians. This innovation may have been the work of the famous King Croesus or a predecessor. Who invented the concept of coinage itself is a much disputed subject.It is West Point, New York. Each is the location of a mint.It was ancient China. People were able to string coins together using the holes while travelling.The first widely circulated banknotes are thought to have been produced by the Song Dynasty in 10th Century China.The full quote on the Â?20 note is: "The division of labour in pin manufacturing: (and the great increase in the quantity of work that results)".Your Score
0 - 3 : Brassic
4 - 6 : Take note
7 - 7 : Coining it
For a complete archive of past quizzes, including the Curriculum tests and our weekly news quiz 7 days 7 questions, visit the Magazine index and scroll down the page.This article is from the BBC News website. ? British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.
The use of cash is in steady decline in the UK and will make up less than half of all transactions within five years, research suggests. So test yourself on the history of coins and notes.
1.) Multiple Choice QuestionSir Isaac Newton is perhaps best known for his work on gravity, but late in life he also took charge of the Royal Mint. What monetary change was he responsible for?
Adoption of paper moneyMove towards gold standard
Face of monarch on all coins
2.) Multiple Choice Question
Which of these is not a term for the blank metal discs which get turned into coins?
PlanchetFlan
Blank
Coinette
3.) Multiple Choice Question
According to the Greek historian Herodotus, which people was the first to produce gold coinage?
LydiansCarians
Persians
Egyptians
4.) Multiple Choice Question
Many US coins carry mint marks. These are usually the letters P for Philadelphia, S for San Francisco, D for Denver and W. For what?
WilmingtonWashington DC
Worcester
West Point
5.) Multiple Choice Question
Which ancient culture regularly produced coins that were round but with a square or rectangular hole in the centre?
Ancient ChinaAncient Greece
Ancient Egypt
Ancient Babylonia
6.) Multiple Choice Question
Where are the first banknotes usually said to have come from?
Egypt
ChinaIndiaJapan7.) Multiple Choice QuestionThe current Bank of England Â?20 note carries an image of Adam Smith and a quote from his most famous work. Which is it?
The division of labour in pin manufacturingThe greatest improvement in the productive powers of labour
Labour was the first price, the original purchase-money
Answers
It was the gold standard - essentially a commitment that all money is backed up by gold reserves. In 1717, a report written by Newton fixed the relationship between gold and silver at a rate that shifted Britain inexorably towards the gold standardWe just made up "coinette". All the rest are real words.He said it was the Lydians. This innovation may have been the work of the famous King Croesus or a predecessor. Who invented the concept of coinage itself is a much disputed subject.It is West Point, New York. Each is the location of a mint.It was ancient China. People were able to string coins together using the holes while travelling.The first widely circulated banknotes are thought to have been produced by the Song Dynasty in 10th Century China.The full quote on the Â?20 note is: "The division of labour in pin manufacturing: (and the great increase in the quantity of work that results)".Your Score
0 - 3 : Brassic
4 - 6 : Take note
7 - 7 : Coining it
For a complete archive of past quizzes, including the Curriculum tests and our weekly news quiz 7 days 7 questions, visit the Magazine index and scroll down the page.This article is from the BBC News website. ? British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.