🔹 What is the currency unit of Japan?

Kiến Thức Về Tiền Tệ

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Financial Education
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University
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Hard
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19 questions
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1.
FLASHCARD QUESTION
Front
Back
Yen
Answer explanation
The currency unit of Japan is the Yen. It is the official currency used for all transactions in Japan, unlike the other options listed, which are currencies of different countries.
2.
FLASHCARD QUESTION
Front
🔹 Who is printed on the 100 US dollar bill?
Back
Benjamin Franklin
Answer explanation
The 100 US dollar bill features Benjamin Franklin, a Founding Father and key figure in American history. The other options, John Adams, Abraham Lincoln, and Ronald Reagan, are not depicted on this bill.
3.
FLASHCARD QUESTION
Front
🔹 What does "FIAT" currency mean?
Back
Currency without intrinsic value, backed by the government
Answer explanation
"FIAT" currency refers to money that has no intrinsic value and is not backed by a physical commodity. Instead, it is established as legal tender by government decree, making option b) the correct choice.
4.
FLASHCARD QUESTION
Front
🔹 Which country was the first to use paper money?
Back
China
Answer explanation
China was the first country to use paper money during the Tang Dynasty (618-907 AD), which later became widely adopted in the Song Dynasty. This innovation revolutionized trade and commerce.
5.
FLASHCARD QUESTION
Front
🔹 What is the most expensive coin ever sold?
Back
1933 Saint-Gaudens Gold Coin
Answer explanation
The most expensive coin ever sold is the 1933 Saint-Gaudens Gold Coin, which fetched over $7.5 million at auction. Its rarity and historical significance contribute to its high value.
6.
FLASHCARD QUESTION
Front
🔹 What is the highest denomination ever printed in the U.S.?
Back
$100,000
Answer explanation
The highest denomination ever printed in the U.S. was the $100,000 bill, featuring Woodrow Wilson. It was used only for transactions between Federal Reserve Banks and is no longer in circulation.
7.
FLASHCARD QUESTION
Front
🔹 What does the "bull market" mean?
Back
Up market
Answer explanation
A "bull market" refers to a period when prices are rising or are expected to rise, indicating an "up market". Therefore, the correct answer is b) Up market.
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