Wonderopolis Quiz

Who invented money?

• The Egyptians

• The Lydians

• The Greeks

• The Romans

What is money?

• Only gold and silver

• Only digital currency

• Only paper bills and coins

• Anything accepted for the exchange of goods and services

What types of things have been used for money throughout history?

• Only digital transactions

• Only gold

• Only paper and coins

• Animals, salt, tea, and metals

What was a problem with bartering?

• It didn't involve goods or services

• It was too easy

• People couldn't always agree on value

• Everyone preferred it

Why did people create coins out of precious metals?

• Because they were pretty

• Because they were too heavy

• To solve issues with commodity money

• Because they were easy to make

What is fiat money?

• Money backed by gold or silver

• Money given value by government decree

• Money made from precious metals

• Money that can be traded for animals

When was the first paper money issued in the United States?

• July 4, 1776

• March 10, 1862

• December 25, 1800

• January 1, 1900

What does 'fiat' mean in Latin?

• "Gold and silver"

• "We trust"

• "Let it be done"

• "Paper money"