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Free money test · ages 6 and up

History of Money Quiz for Kids

10 quick questions with instant answers and explanations. No sign-up needed.

Goldie, the Wealthonauts money history companion

This history of money quiz for kids checks how much you know about gold, silver and paper money. Long before bank cards, people weighed silver, stamped coins by hand and traded paper receipts for gold. Answer ten quick questions and see if you can pass with 8 or more right.

Anyone can take this free test. Ages 6 and up is just a starting point, so older kids, teens and grown-ups are welcome too. Each answer comes with a short explanation. If you want to learn more, the book Gold, Silver & Paper Money tells the whole story with Goldie and the Wealthonauts crew.

What this test covers

  • Why gold and silver were used as money
  • Weighing and testing metal
  • How coins were made and stamped
  • Where the word dollar comes from
  • How paper money began as receipts
  • Why printing too much money causes trouble
  • Inflation and changing prices

How it works: answer all 10 questions, then press “Check my answers.” Get 8 or more right to pass. You’ll see why each answer is right, plus what to read or take next. No sign-up needed, and your answers are not saved.

Take the test

Ages 6 and up — and anyone who wants to learn this.

  1. Question 1 of 10What happens to an iron nail left out in the rain that does not happen to gold?
  2. Question 2 of 10Long ago in Mesopotamia, the shekel started out as what?
  3. Question 3 of 10What is it called when you test how pure a metal is?
  4. Question 4 of 10What is 24 karat gold?
  5. Question 5 of 10Why did the picture stamped on a coin help shoppers?
  6. Question 6 of 10The word "dollar" comes from an old silver coin called the…
  7. Question 7 of 10In old London, people left their gold with goldsmiths. What did they get back?
  8. Question 8 of 10What is a bank run?
  9. Question 9 of 10Why did the Continental notes printed during the Revolutionary War lose most of their value?
  10. Question 10 of 10When prices go up over time and each dollar buys a little less, it is called…

Want to really understand it?

This test is based on Gold, Silver & Paper Money, Book 05 of The Wealthonauts Adventures. Ages are a starting point, not a limit: plenty of teens and grown-ups are learning these ideas for the first time. Read the book online, take the matching Wealthonauts course, then come back and test yourself again.

More free tests: see all 12 money tests.