We love finance and we love trivia. You can test your finance trivia knowledge with the following questions.

This is Part 3 in our ongoing financial trivia series. Scroll down below to find the answers.

 

Q1. Our name ‘Quantum’ Financial is derived from:

a. Spying     b.  Advanced science    c.  A Time travelling     d.  Latin

 

Q2. Australia’s biggest trading partner has how many states or divisions?:

a. 33      b. 44      c. 50      d. 55

 

Q3. After China in the 7th Century, which place first issued paper money?

a. New York       b. Scotland     c. Sweden     d. England

 

Quiz answers are below. 

 

Answers

Q1. Our name ‘Quantum’ Financial is derived from:

Answer d. Latin

We don’t take our name from the 2008 James Bond movie ‘Quantum of Solace’ starring Daniel Craig nor the late 1980’s TV series, Quantum Leap, in which Scott Bakula leapt back and forth in time  – handy for predicting markets! (although ‘Quantum Leap’ is the title of a profile of Quantum Financial’s Claire Mackay here).

We also claim no link to (nor even a basic understanding of) the intricacies of Quantum physics.

The word ‘Quantum’ comes from the Latin ‘Quantus’, for ‘how much’ (as does quantity). In 1264 St Thomas Aquinas wrote “Quantum potes, tantum aude” or “However so much as you are capable of doing, dare to do that much.” Quantum founder Bill Mackay took this theme from his theology degree to reflect the attitude of excellence towards professionalism and ethics held by Quantum’s staff and clients.

 

Q2. Australia’s biggest trading partner has how many states or divisions?:

Answer a. 33

China has 33 divisions, classified as 22 provinces, 4 municipalities (Beijing, Shanghai, Tianjin and Chongqing), 5 autonomous regions and 2 special administrative regions (Hong Kong and Macau).

If you include Taiwan it’s 34 (but that’s a rather touchy topic beyond us).

 

Q3. After China in the 7th Century, which place first issued paper money?

Answer c. Sweden

The first European banknotes were issued by Stockholms Banco (a precursor to the Bank of Sweden) in 1661. The bank ceased operations 3 years later.

The Bank of Scotland first issued money in 1696 and, more than 300 years later, its money is the longest continuous issue in the world.

 

 

We hope you enjoyed doing our finance quiz as much as we did writing it.  Let us know what you think or let us know if you have some great finance trivia questions!

As always, make smart financial decisions.