How well you know your Australian money?

By March 5, 2020 No Comments

When did the Australian Dollar replace the Pound?

Nine
Lovers' Day
Show hint
Correct! Wrong!

The Australian pound (symbol £) was the currency of Australia from 1910 until 14 February 1966, when it was replaced by the Australian dollar. As with other £sd currencies, it was subdivided into 20 shillings (symbol s), each of 12 pence (symbol d). ~ Wikipedia

Which animal can be seen on the 5 cent Australian coin?

Lyn Bowtell
Spiny
Show hint
Correct! Wrong!

The copper-nickel coin of 5 Australian cents has the image of a spiny anteater (echidna) on its front side. The backside features HM Queen Elizabeth II, ruler of Australia. (ctto: Left over currency.com)

Which Australian note has pictures of Parliament House?

Photo by M.W.Horn
Correct! Wrong!

The back of the banknote features the Old and New Parliament Houses, which were opened in 1927 and 1988, respectively. The images are the designer's interpretation of various architectural drawings and photographs. (Reserve Bank of Australia)

Who is pictured on the front of all Australian coins?

Correct! Wrong!

The portrait to be used on the Australian coins is an adaptation of the United Kingdom's effigy. The changing face of Her Majesty Queen Elizabeth II. Her effigy has evolved six times since she first appeared on the currency in 1953. (SMH)

Which Australian coins went out of circulation in the 1990's?

Photo by D. Martinez-Batlle
Correct! Wrong!

The 1 cent and 2 cent coins were taken out of circulation in the 1990s. This was due to the increasing cost in producing them compared to their relative value. Prices on shelves in grocery stores will still end in 'odd' amounts however the price is rounded to the nearest 5 cent off the total cost at point of sale. However, if you are paying electronically the store will still charge you the pre-rounded figure. Also, if you have a bankable amount of 1 cent or 2 cent coins ($1 increments) stores may accept them. (FunTrivia)

How well you know your Australian money?
Congratulations! Well done!

Well played! Thank you for taking this quiz. Just as you enjoyed answering these questions, remember that when you make sound money choices, you are already putting yourself in a much more secure position. So plan for it and be educated about it.
wealthforum

Author wealthforum

More posts by wealthforum

Leave a Reply