Quiz 1 - Money Today

Which of the following is NOT a function of money?

• Used to exchange for goods/services

• Used to pay for goods/services

• Used to set the value of goods/services

• Used to get in to debt

Identify the second most traded currency in the world.

• Euro

• Dollar

• Yen

• British pound

What do we call money earned or received?

• Expenses

• Income

• Taxes

• Deductions

Which of the following methods is a way to check the security features of a £5 note? (Choose two!)

• It has an image of Boris Johnson

• It has an image Buckingham Palace

• Check for the holograms

• Check the see through window

Which of the following methods is a way to check the security features of a £10 note? (Choose more than one!)

• Feel of polymer and raised print

• It has an image of Roald Dahl

• Silver foil patch

• Check the see through window

Which of the following methods is a way to check the security features of a £20 note? (Choose two!)

• Purple foil patch

• It has Margaret Thatcher on the note

• Ultra-violet number

• It is green in colour

Who will be on the new £50 note by the end of 2021?

• Alan Turing

• William Shakespeare

• Stephen Hawking

• Charles Darwin

Why do people save money? (There is more than one correct answer...!)

• To save for the future

• To keep money safe

• To have money for unplanned events

• To get out of debt

Where can you save money? (There is more than one correct answer...!)

• Bank

• Credit Union

• Building society

• Piggy bank

What is the MOST used bank note in the UK?

• £5

• £10

• £20

• £50