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1/20
What is the name of the currency used in Canada?
What is the name of the currency used in Canada?
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DollarPoundRupeeYuanPoints Won
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Introduced in 1858, the Canadian dollar (CAD) is the official currency of Canada. The symbol of the Canadian dollar is $, with symbols such as CA$, Can$, and C$ also sometimes used to distinguish CAD from other dollar-denominated currencies. Being developed and distributed by Canada’s central bank, the Bank of Canada (BOC), the Canadian dollar banknotes are issued in five denominations: $5, $10, $20, $50, and $100. CAD is divided into 100 cents and its coins are issued by the Royal Canadian Mint in seven denominations: 1c, 5c, 10c, 25c, 50c, $1, and $2.
Source: Oanda.com
2/20
What is the fee charged by a lender on money borrowed called?
What is the fee charged by a lender on money borrowed called?
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Interest is the monetary charge for the privilege of borrowing money. Interest expense or revenue is often expressed as a dollar amount, while the interest rate used to calculate interest is typically expressed as an annual percentage rate (APR). Interest is the amount of money a lender or financial institution receives for lending out money. Interest can also refer to the amount of ownership a stockholder has in a company, usually expressed as a percentage.
Source: Investopedia
3/20
Which card pulls funds straight from your account when you use it to pay?
Which card pulls funds straight from your account when you use it to pay?
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Debit cardGift cardRewards cardCredit cardPoints Won
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Debit and credit cards are commonly used worldwide, and although they look similar, there are major differences between them. For example, a debit card takes funds directly from your bank account, while a credit card is linked to a credit line you can pay back later. Debit cards are linked to the user's bank account and are limited by how much money is in the account.
Source: Investopedia
4/20
What amount of money does the slang phrase "a grand" mean?
What amount of money does the slang phrase "a grand" mean?
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A thousand dollarsA million dollarsTen dollarsFifty dollarsPoints Won
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There are many words and terms we use to refer to money. The word "grand" is used in US and UK slang to mean a thousand dollars or a thousand pounds. There are several theories about where this term came from, including the possibility that it refers to $1,000 being a grand ("large") sum of money. The slang "large" also means a thousand dollars.
Source: Dictionary.com
5/20
In cash transactions, what does the term "C-note" refer to?
In cash transactions, what does the term "C-note" refer to?
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CheckReceiptConsumer ticket$100 banknotePoints Won
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"C-note" is a slang term for a $100 banknote in U.S. currency. The "C" in C-note refers to the Roman numeral for 100, which was printed on $100 bills, and it can also refer to a century. The term came to prominence in the 1920s and 1930s, and it was popularized in a number of gangster films. "C-note" is used less frequently in contemporary slang, and it has been replaced by "Benjamin." This term comes from Benjamin Franklin, one of the founding fathers of the U.S., whose portrait is on the front of the $100 banknote.
Source: Investopedia
6/20
A loan taken out to purchase a property is known as what?
A loan taken out to purchase a property is known as what?
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MortgageDividendCollateralAsset FinancePoints Won
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A mortgage loan or simply mortgage, in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is "secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms.
Source: Wikipedia
7/20
Which of these is a credit card brand?
Which of these is a credit card brand?
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American GiantAmerica OnlineAmerican ExpressAmerican EaglePoints Won
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The American Express Company or Amex is an American bank holding company and multinational financial services corporation that specializes in payment cards. Founded in 1850 as a freight forwarding company, Amex introduced financial and travel services during the early 1900s. It developed its first paper charge card in 1958, gold card in 1966, green card in 1969, platinum card in 1984, and Centurion Card in 1999.
Source: Wikipedia
8/20
What does the abbreviation "ATM" stand for?
What does the abbreviation "ATM" stand for?
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Access Token MachineAutomated Teller MachineAuto-Tune MixAll Trades MachinePoints Won
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An automated teller machine (ATM) is an electronic banking outlet that allows customers to complete basic transactions without the aid of a branch representative or teller. Anyone with a credit card or debit card can access cash at most ATMs, either in the U.S. or other countries. ATMs are convenient, allowing consumers to perform quick self-service transactions such as deposits, cash withdrawals, bill payments, and transfers between accounts.
Source: Investopedia
9/20
What is the unit of currency in India?
What is the unit of currency in India?
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The rupee is the common name for the currencies of India, Mauritius, Nepal, Pakistan, Seychelles, and Sri Lanka, and of former currencies of Afghanistan, Bahrain, Kuwait, Oman, the United Arab Emirates (as the Gulf rupee), British East Africa, Burma, German East Africa (as Rupie/Rupien), and Tibet. In Indonesia and the Maldives, the unit of currency is known as rupiah and rufiyaa respectively, cognates of the word rupee.
Source: Wikipedia
10/20
What is a "bull market" in financial terms?
What is a "bull market" in financial terms?
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The market is shutPrices are standing stillPrices are droppingPrices are risingPoints Won
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A bull market is the condition of a financial market in which prices are rising or are expected to rise. The term "bull market" is most often used to refer to the stock market but can be applied to anything that is traded, such as bonds, real estate, currencies, and commodities. Because prices of securities rise and fall essentially continuously during trading, the term "bull market" is typically reserved for extended periods in which a large portion of security prices are rising.
Source: Investopedia
11/20
What is the name of the currency used in Australia?
What is the name of the currency used in Australia?
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YenPoundsDongsDollarsPoints Won
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Australia’s national currency is Australian dollars (AUD), which comes in denominations of $5, $10, $20, $50, and $100 notes. Coins come in 5, 10, 20, and 50 cents and one and two dollar denominations. Currency exchange is available at banks, hotels, and international airports. Australian banks offer the same range of services typical in other western nations, and Automated Teller Machines (ATMs) are widespread, although facilities may be limited in remote towns and the outback.
Source: Australia.com
12/20
What is a "buck" in American slang?
What is a "buck" in American slang?
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A cell phoneA pair of pantsA U.S. dollarA moviePoints Won
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Buck is an informal reference to $1 that may trace its origins to the American colonial period when deerskins (buckskins) were commonly traded for goods. The buck also refers to a U.S. dollar as a currency that can be used both domestically and internationally. The earliest written use of the word "buck" is from 1748. Conrad Weiser, a Pennsylvania Dutch pioneer who had frequent contact between colonists and Native Americans, wrote in his journal that someone was robbed of 300 bucks' worth of items.
Source: Investopedia
13/20
Which of these is another name for a bank teller?
Which of these is another name for a bank teller?
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HandlerConciergeCashierCroupierPoints Won
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A bank teller (often abbreviated to simply teller) is an employee of a bank whose responsibilities include the handling of customer cash and negotiable instruments. In some places, this employee is known as a cashier or customer representative. Tellers also deal with routine customer service at a branch. Being front-line staff they are most likely to detect and stop fraudulent transactions to prevent losses at a bank.
Source: Wikipedia
14/20
Antarctica's only ATM dispenses what currency?
Antarctica's only ATM dispenses what currency?
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South African randU.S. dollarArgentine pesoAustralian dollarPoints Won
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Despite the frigid temperatures, ornery elephant seals, and months of perpetual darkness, Antarctica is still a place where money matters. That’s where Wells Fargo comes in. The banking conglomerate installed an automatic teller machine (ATM) back in 1998 at McMurdo Station, the largest science hub on the continent. Depending on the season, McMurdo’s population ranges from 250 to more than 1000. And like any small community, commerce is crucial. While McMurdo is near New Zealand territory, the ATM only dispenses U.S. dollars.
Source: Mental Floss
15/20
What was Mastercard originally known as?
What was Mastercard originally known as?
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Omni CardMaster KeyCharge ExpressInterbankPoints Won
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Mastercard, originally known as Interbank before becoming Master Charge, began in 1966. The company began as an alliance of several regional bankcard associations reacting to the success of BankAmericard, which was issued by Bank of America, later known globally as Visa. Early bank authorizations for credit card transactions happened over the phone at first. But by 1973, Interbank revolutionized its authorization process and established a centralized computer network that connected merchants to the banks that issued credit cards.
Source: E Investing for Beginners
16/20
What is the smallest denomination of Euro banknotes in circulation?
What is the smallest denomination of Euro banknotes in circulation?
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5101520Points Won
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The first series of euro banknotes was originally issued in 2002 when the euro was introduced. It comprises seven different denominations: €5, €10, €20, €50, €100, €200 and €500. These banknotes are gradually being replaced by the second series, also known as the Europa series. Which was developed to make euro banknotes more secure against counterfeiting and more durable. This means that the banknotes will need to be replaced less often, so as to minimize their impact on the environment and keep costs to a minimum.
Source: European Central Bank
17/20
Which of these resources are known to exist but are not utilized yet?
Which of these resources are known to exist but are not utilized yet?
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Potential resourcesActual resourcesCurrent resourcesDepleted resourcesPoints Won
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Potential resources are those of which the entire quantity may be unknown and are not being used at present. These resources require the application of technology and economic viability to make them useful. They may exist in the form of minerals, forests, water or land. The existence of potential resources is uncertain because their quality and quantity are unknown. They can only be inferred from geological surveys, satellite images, and other scientific methods.
Source: EduRev
18/20
What animal was sometimes used as currency in the Middle Ages?
What animal was sometimes used as currency in the Middle Ages?
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EelsOxenSheepFowlPoints Won
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The idea of accepting eels as rental payment may strike modern readers as unusual. But in early medieval England (1000–1300), eel-rents were commonplace. During the period, before there was enough available coinage, landlords often accepted in-kind rents such as eggs, ale, grain, and, especially, eels. The fish were remarkably plentiful, accounting for 25 to 50 percent of fish in England’s rivers. Fishermen caught them using spears, nets, and wicker traps, with huge numbers of eels being captured at mill dams.
Source: History Extra
19/20
Which investment type pools money from many investors to buy stocks?
Which investment type pools money from many investors to buy stocks?
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Certificates of DepositBondsAnnuitiesMutual fundsPoints Won
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A mutual fund is a company that pools money from many investors and invests the money in securities such as stocks, bonds, and short-term debt. The combined holdings of the mutual fund are known as its portfolio. Investors buy shares in mutual funds. Each share represents an investor’s part of ownership in the fund and the income it generates.
Source: Investor
20/20
Which of these banks did Alexander Hamilton help found?
Which of these banks did Alexander Hamilton help found?
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JPMorgan ChaseWells FargoBank of New YorkCitigroupPoints Won
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The Bank of New York Mellon Corporation, commonly known as BNY Mellon, is an American banking and financial services corporation headquartered in New York City. The bank offers investment management, investment services, and wealth management services. It is regarded as being among the oldest banks in the world, having been established in June 1784 by a group that included American Founding Father Alexander Hamilton.
Source: Wikipedia
