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WorksheetsCurrency Challenge
Total questions: 14
Worksheet time: 7mins
Name
Class
Date
1.
Cattle are probably the oldest of all forms of money. Cattle as money dates back to 9000 B.C. Some cattle were still used as money in parts of Africa in the middle of the 20th century.
a)
TRUE
b)
False
2.
The Rhode Island Colony issued the first paper money in America in 1690. The colonies would later form the United States.
a)
TRUE
b)
False
3.
Before the days of paper money, Americans traded animal skins, including deer and elk bucks, for goods and services. Hence the word "buck" to describe money.
a)
TRUE
b)
False
4.
The Office of Currency Standards considers a bill that is ripped legal tender if 25% of the bill is still intact.
a)
TRUE
b)
False
5.
Parker Brothers printed more money for its Monopoly games than the Federal Reserve has issued in real money for the United States. If you stacked up all the Monopoly sets made, the pile would be more than 1,100 miles high.
a)
TRUE
b)
False
6.
If you had 10 billion $1 notes and spent one every second of every day, it would require 317 years for you to go broke.
a)
TRUE
b)
False
7.
There is about $823 in circulation for each person in America.
a)
TRUE
b)
False
8.
A piece of currency can be folded forward and back 100 times before it will tear.
a)
TRUE
b)
False
9.
The largest bill ever printed was the $100,000 bill; it was actually a Gold Certificate issued in 1934
a)
TRUE
b)
False
10.
Currency is made of 25 percent linen and 75 percent cotton paper. Red and blue synthetic fibers of various lengths are distributed evenly throughout the paper. Prior to World War I, the fibers were made of silk.
a)
TRUE
b)
False
11.
From 1940 to 1946, the average income in America doubled. During 1940, the average worker was paid less than $600 a year. In 1946 the same worker got $1,200 a year.
a)
TRUE
b)
False
12.
Shopping was fun in 1900. Women could buy a pair of shoes for just $1!
a)
TRUE
b)
False
13.
A stack of bills destroyed in a single year would measure 200 miles high. Mt. Everest, the tallest mountain on Earth, is a mere 19,035 feet, or slightly more than 3 miles high.
a)
TRUE
b)
False
14.
The Bureau of Engraving and Printing produces 38 million notes a day with a face value of approximately $541 million. That doesn't mean there is $541 million more money circulating today than there was yesterday, though, because 95% of the notes printed each year are used to replace notes already in circulation.
a)
TRUE
b)
False
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