Skip to content

Module 1 Quiz

Module 1 Quiz

Please read each question carefully and select ONLY ONE answer for each question.

Time limit: 0

Quiz Summary

0 of 10 Questions completed

Questions:

Information

You have already completed the quiz before. Hence you can not start it again.

Quiz is loading…

You must sign in or sign up to start the quiz.

You must first complete the following:

Results

Quiz complete. Results are being recorded.

Results

0 of 10 Questions answered correctly

Your time:

Time has elapsed

You have reached 0 of 0 point(s), (0)

Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)

Categories

Not categorized 0%

Review
Answered
Correct
Incorrect

Question 1 of 10

1. Question

What are the three main features of money?

Colour, shape, and size
Correct Incorrect Correct answer

Exchange medium, measure of value, and store of value
Correct Incorrect Correct answer

Portability, durability, and scarcity
Correct Incorrect Correct answer

Printability, foldability, and stackability
Correct Incorrect Correct answer

Correct

Incorrect
Question 2 of 10

2. Question

Which of these is NOT a denomination of UK coins?

1p
Correct Incorrect Correct answer

2p
Correct Incorrect Correct answer

25p
Correct Incorrect Correct answer

£2
Correct Incorrect Correct answer

Correct

Incorrect
Question 3 of 10

3. Question

What material are UK banknotes made of since 2016?

Paper
Correct Incorrect Correct answer

Cotton
Correct Incorrect Correct answer

Polymer
Correct Incorrect Correct answer

Linen
Correct Incorrect Correct answer

Correct

Incorrect
Question 4 of 10

4. Question

What does ‘legal tender’ mean in the UK?

Money that can be used abroad
Correct Incorrect Correct answer

Money that must be accepted if offered in payment of a debt
Correct Incorrect Correct answer

Money that has security features that make it difficult to fake
Correct Incorrect Correct answer

Money that is only valid for a limited time
Correct Incorrect Correct answer

Correct

Incorrect
Question 5 of 10

5. Question

Are Scottish banknotes legal tender in England?

Yes, always
Correct Incorrect Correct answer

No, never
Correct Incorrect Correct answer

Only in certain stores
Correct Incorrect Correct answer

Only for amounts under £50
Correct Incorrect Correct answer

Correct

Incorrect
Question 6 of 10

6. Question

What is the maximum amount you can legally pay using 1p coins?

10p
Correct Incorrect Correct answer

20p
Correct Incorrect Correct answer

50p
Correct Incorrect Correct answer

£1
Correct Incorrect Correct answer

Correct

Incorrect
Question 7 of 10

7. Question

What happens to old or damaged banknotes in the UK?

They are always reused
Correct Incorrect Correct answer

They are destroyed and replaced
Correct Incorrect Correct answer

They are sold as collectibles
Correct Incorrect Correct answer

They are donated to charity
Correct Incorrect Correct answer

Correct

Incorrect
Question 8 of 10

8. Question

Which organisation is responsible for issuing banknotes in England?

The Royal Mint
Correct Incorrect Correct answer

The Bank of England
Correct Incorrect Correct answer

The Treasury
Correct Incorrect Correct answer

The Financial Conduct Authority
Correct Incorrect Correct answer

Correct

Incorrect
Question 9 of 10

9. Question

What is the main reason for regularly designing new banknotes?

To change the monarch's portrait
Correct Incorrect Correct answer

To reduce production costs
Correct Incorrect Correct answer

To enhance security features
Correct Incorrect Correct answer

To make them more colourful
Correct Incorrect Correct answer

Correct

Incorrect
Question 10 of 10

10. Question

What is NOT a feature of polymer banknotes?

They are cleaner
Correct Incorrect Correct answer

They are more durable
Correct Incorrect Correct answer

They are biodegradable
Correct Incorrect Correct answer

They have enhanced security features
Correct Incorrect Correct answer

Correct

Incorrect

Login

Accessing this course requires a login. Please enter your credentials below!

Username or Email Address

Password

Remember Me

Lost Your Password?