Sunday, October 01, 2006

Answers to Quiz - 4

1) What is the name of a new International Money proposed by Joseph Stiglitz, winner of Nobel Prize in economics and former chief economist at the World Bank?

Global Greenback

2) Which is the first country to issue currency notes in plastic?

Australia in January 1988

3) What symbol did Arthur Eisenmenger create?

The Euro Symbol - €

4) What is the study of paper money or banknotes called?

Notaphily

5) What is the origin of Buck, the slang term for Dollar?

From the practice of using buckskins as medium of trading by Indians

6) What is the name given to a specially struck coin, which is much thicker and heavier than normal, often exactly twice the normal weight?

Piedfort

7) An incident in a famous New York restaurant led Frank McNamara to invent the credit card. Name the restaurant

Major’s Cabin Grill

8)What is the term to define the profit that results from the difference in the cost of printing money and the face value of that money?

seigniorage

9) Which country’s currency is Balboa, named after the Spanish explorer Vasco Núñez de Balboa?

Panama

10) Name the silver mine in former Bohemia (now Czech Republic) from which the Dollar is widely believed to have derived its name.

Joachimsthal

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