Money in History
In ancient Rome, which metal was commonly used for coins and was considered highly valuable?
Gold
As of 2021, what is the estimated net worth of the world's richest person, Elon Musk?
Over $200 billion
Which country that is apart of the European Union does not use the Euro?
United Kingdom
What financial strategy involves setting aside a portion of your income for future expenses or goals
Budgeting
Which Jamaican company was accused of financial misconduct and collapsed in the 1990s, leading to widespread economic loss?
Century National Bank
Where was the first recorded use of paper money?
China
The GDP of which country is the highest in the world, surpassing $25 trillion in 2024?
United States.
What is the world’s oldest still-existing currency?
The British Pound Sterling (GBP)
In a traditional marriage, what financial term is used when both spouses combine their income and expenses?
Joint account
In 2008, the collapse of which major financial institution caused the global financial crisis?
Lehman Brothers
In what year was the Jamaican Dollar first introduced, replacing the Jamaican Pound?
1969
In 2018, which Jamaican company became the first in the Caribbean to reach a market capitalization of over $1 billion on the Jamaica Stock Exchange (JSE)?
JMMB Group
What is the world’s largest banknote?
The 100,000 Hungarian forint
What is “the general increase in prices of goods and services”?
Inflation
Which accounting fraud scandal involved a U.S. energy company and resulted in the bankruptcy of one of the largest companies in the world in 2001?
Enron
The Bank of Jamaica was established in which year to regulate the currency and financial systems of Jamaica?
1960
Which sector is the largest contributor to Jamaica's GDP?
The Services Sector, particularly tourism
Who is the person on the US $1 bill?
George Washington
What is the best type of debt to have, according to financial experts?
Mortgage
Which global financial institution was involved in a 2012 scandal for manipulating interest rates to profit from currency markets?
Barclays Bank
When was the first ATM installed?
In London in 1967
Who became one of the richest people in the Caribbean, is the founder of the "GraceKennedy" Group?
Sir Douglas Orane
What was the first official currency in the world?
The shekel
What is the term for the act of spreading your investments across different asset classes to reduce risk?
Diversification
In 2008, the Cash Plus Ponzi scheme in Jamaica collapsed, leading to significant financial losses for investors. What was the founder’s name, who was later convicted for operating the scheme?
Carlos Hill