The Story of Money quiz

Eight questions from barter to budgeting. Answer them all, then check your score.

1. What is barter? Trading goods directly without money A type of coin A bank loan A tax

Barter is a direct swap of goods or services, like grain for a pot.

2. Some of the first standardized coins came from: Iceland Brazil Australia Lydia

Historians credit ancient Lydia, in modern Turkey, with some of the earliest stamped coins.

3. If prices rise 3% and your savings earn 1%, your purchasing power… Stays the same Doubles Falls Rises

Your money grew more slowly than prices, so it buys less.

4. Using the rule of 72, money growing at 8% a year doubles in about: 72 years 9 years 3 years 20 years

72 ÷ 8 = 9 years.

5. Which matters MOST for a credit score? Paying on time Your income Your age Your bank

Payment history is the biggest factor.

6. A good place for an emergency fund is: A lottery ticket A single stock A shoebox under the bed An insured savings account

It should be safe, insured and easy to reach.

7. Someone calls saying you owe the IRS and must pay in gift cards. This is: A tax refund A bank error A scam Normal

Government agencies don't demand gift-card payments. Hang up.

8. Diversification means: Borrowing to invest Spreading money across many investments Putting everything in one stock Keeping cash only

Spreading out reduces the damage any single investment can do.

The Story of Money

How money began, how it works, and how to use it wisely. Plain-English guides and free tools for individuals and families.

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Educational information only, not financial, investment, tax or legal advice. Talk with a qualified professional about your situation.