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Understanding the Australian Dollar: A Quiz

Test your knowledge about the Australian dollar, its history, and its significance through this engaging quiz.

#Australian dollar #currency #history #economics #finance

1 On 9 December 1983, the Australian Labor government led by Prime Minister ________ and Treasurer Paul Keating floated the Australian dollar, and the exchange rate of the Australian dollar reflected the balance of payments.

2 Where does the Australian dollar end?

3 There are many five-dollar coins, of ________/bronze and bi-metal, and many silver and gold bullion coins in higher denominations.

4 Where is the Australian dollar used?

5 Due to Menzies' influence, the name royal was settled on, and trial designs were prepared and printed by the ________.

6 These coins are not normally used in payment, although they are ________.

7 In 1965, the Prime Minister, ________, wished to name the currency the royal.

8 Within Australia it is almost always abbreviated with the dollar sign ($), with A$ or AU$ sometimes used informally to distinguish it from other ________-denominated currencies.

9 In commemoration of the 40th anniversary of ________, the 2006 mint proof and uncirculated sets included one- and two-cent coins.

💡 Interesting Facts

  • proposals in the 2008 Australian Federal budget included a A$3 billion increase in tax on alcopops.
  • the 1999 Sydney hailstorm is the costliest natural disaster in Australian history, causing over A$1.7 billion in insured damages.
  • the proposed Doncaster railway line, Melbourne, first planned in 1890, would cost around ten times as much to build now as the A$41 million estimated in 1972 when the route was decided.
  • when Townsville financial advice company Storm Financial collapsed in 2009, victims included cricketer Andrew Symonds, who lost at least AU$1 million.
  • in order to attract new residents to the town, the community of Greenethorpe, New South Wales, has developed a farmhouse rental scheme offering houses for rent at AU$1 per week.
  • during the first six years of the Australian edition of Who Wants to Be a Millionaire? nobody won the top prize of one million dollars.
  • political donations in Australia up to $1500 were made tax-deductible in 2006.
  • businessman John Young migrated to Australia as a Ten Pound Pom, but was worth AU$184 million in 2006, although the company that made him rich is now insolvent.
  • despite $170m spent on security, Australian comedy group The Chaser managed to enter the restricted zone of the 2007 APEC Summit in a fake motorcade.
  • Australian Broadcasting Corporation cult film reviewer and war correspondent John Hinde (pictured) bequeathed AU$1 million to start a new Australian literary prize.
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