U.S. Currency Quiz with Answers is a fun way to learn and exercise knowledge of American money, ranging from dollars to cents.
Quizzes like the U.S. Currency Quiz with Answers can make your memory sharp and give you fun facts to share with your friends.
The currency in the United States revolves around the dollar, which came into existence through the Coinage Act of 1792.
Federal Reserve Notes comprise mainly of the paper currency which is currently in use. People commonly refer to them as ‘greenbacks’ due to the dominant use of green ink and their greenish appearance.
U.S. Coins vary from the penny to the dollars, with mints located in Philadelphia and Denver. Test your money IQ with this U.S. Currency Trivia Quiz with Answers to boost trivia skills for exams, travel, or fun facts!
U.S. Currency Trivia Quiz with Answers and Explanation
Questions which appear in the U.S. Currency Trivia Quiz can come up in standardized tests, civics exams, job interviews, and trivia games, making it practical for everyday smarts. Here 10 U.S. Currency Trivia Quiz Questions with their answer and explanation:
Question 1:Who is on the 100 Dollar Bill?
A) Abraham Lincoln
B) Benjamin Franklin
C) George Washington
D) Thomas Jefferson
Correct Answer: B) Benjamin Franklin
Explanation: Benjamin Franklin has appeared on the $100 bill since 1914; he is not a president but a Founding Father famous for his inventions.
Question 2: What year was the U.S. dollar officially created?
A) 1776
B) 1861
C) 1792
D) 1913
Correct Answer: C) 1792
Explanation: The Coinage Act of 1792 fixed the value of the dollar at the same weight as the Spanish silver dollar for easy trade.
Question 3: What is the highest denomination of U.S. bill ever printed for public use?
A) $500
B) $1,000
C) $5,000
D) $10,000
Correct Answer: D) $10,000
Explanation: The $10,000 bill had Salmon P. Chase on it, with larger denominations like $100,000 in existence, but not for use in commerce.
Question 4: Which security feature appears on modern $20 bills?
A) Hologram
B) Color-shifting ink
C) Microprinting
D) All of the above
Correct Answer: D) All of the above
Explanation: Enhancements made since 1996 included these to combat counterfeiting, with the $20 bill being redesigned in 2003.
Question 5: What metal primarily makes up current U.S. pennies?
A) Pure copper
B) Zinc with copper plating
C) Steel
D) Nickel
Correct Answer: B) Zinc with copper plating
Explanation: Since 1982, pennies use 97.5% zinc core with copper plating to cut costs.
Question 6: On which coin does Thomas Jefferson appear?
A) Nickel
B) Penny
C) Dime
D) Quarter
Correct Answer: A) Nickel
Explanation: Thomas Jefferson joined the nickel in 1938, with Monticello on the reverse.
Question 7: What portion of $100 bills circulates outside the U.S.?
A) Less than 25%
B) About 50%
C) Over 66%
D) Nearly 90%
Correct Answer: C) Over 66%
Explanation: Two-thirds of $100s are held abroad, boosting the dollar's global reserve status.
Question 8: What was the first U.S. penny minted in?
A) 1793
B) 1787
C) 1909
D) 1959
Correct Answer: B) 1787
Explanation: The 1787 penny, or Fugio cent, marked early U.S. coinage before official mints.
Question 9:Which president is on the $1 bill?
A) Andrew Jackson
B) Ulysses S. Grant
C) Abraham Lincoln
D) George Washington
Correct Answer: D) George Washington
Explanation: Washington has been on the $1 since 1869, with the Great Seal reverse.
Question 10: How many cents make a U.S. dollar?
A) 90
B) 100
C) 110
D) 120
Correct Answer: B) 100
Explanation: Defined in 1792, the dollar divides into 100 cents for decimal simplicity.
Check Out: Federal Reserve Quiz: How Well Do You Know the U.S. Monetary Policy?
U.S. currency is a reflection of the history and ingenuity of America; from the 1792 dollar to secure modern notes, learning about these facts will help increase financial literacy for traveling, testing, or trivia.
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