February 2015 Whiz Kid EN

Congratulations! The correct answer is “True”. In the opinion of the International Monetary Fund, it is one of the world’s seven “reserve currencies” known for stability and reliability even in times of economic uncertainty.

Oops! The correct answer is “True”. In the opinion of the International Monetary Fund, it is one of the world’s seven “reserve currencies” known for stability and reliability even in times of economic uncertainty.

Congratulations! The correct answer is “False”. There are coins in circulation that show how Her Majesty looked at the various stages of her reign and they are all legal currency. Funny fact: In 1953, the design for the coins made of a young Queen Elizabeth were quickly changed when it was noticed that her shoulder appeared bare. This was a result of the cloth fold on her shoulder being too weakly engraved into a low point on the die to strike up fully. The bare shouldered look was considered inappropriate, so new dies were cut.

Oops! The correct answer is “False”. There are coins in circulation that show how Her Majesty looked at the various stages of her reign and they are all legal currency. Funny fact: In 1953, the design for the coins made of a young Queen Elizabeth were quickly changed when it was noticed that her shoulder appeared bare. This was a result of the cloth fold on her shoulder being too weakly engraved into a low point on the die to strike up fully. The bare shouldered look was considered inappropriate, so new dies were cut.

Congratulations! The correct answer is “B”. The half-dollar coin is no longer issued to banks for general circulation so the coins you could get at the bank all add up to $3.41. There is a vast array of special collectable “designer coins” sold by the Royal Canadian Mint, which, although technically legal tender, are not made for actually buying stuff with. These include Half-Dollar, the Canadian Silver Dollar, the Gold Five-dollar Coin, and many even more costly and implausible coins, such as the emerald and crystal encrusted $20 coin!

Oops! The correct answer is “B”. The half-dollar coin is no longer issued to banks for general circulation so the coins you could get at the bank all add up to $3.41. There is a vast array of special collectable “designer coins” sold by the Royal Canadian Mint, which, although technically legal tender, are not made for actually buying stuff with. These include Half-Dollar, the Canadian Silver Dollar, the Gold Five-dollar Coin, and many even more costly and implausible coins, such as the emerald and crystal encrusted $20 coin!

Congratulations! The correct answer is “E”. Although the penny is still made of copper it is no longer solid copper. In the mid-1990s, in an effort to save money, the government began to copper-plate other less expensive metals. However, it still cost more to make the penny than the penny was worth so the Government decided to phase out the penny from Canada's coinage system by ceasing to distribute them. The cent remains Canada’s smallest unit for pricing goods and services and only cash transactions are affected. Pennies can still be used in cash transactions indefinitely with businesses that choose to accept them but when pennies are not available cash transactions are rounded up or down.

Oops! The correct answer is “E”. Although the penny is still made of copper it is no longer solid copper. In the mid-1990s, in an effort to save money, the government began to copper-plate other less expensive metals. However, it still cost more to make the penny than the penny was worth so the Government decided to phase out the penny from Canada's coinage system by ceasing to distribute them. The cent remains Canada’s smallest unit for pricing goods and services and only cash transactions are affected. Pennies can still be used in cash transactions indefinitely with businesses that choose to accept them but when pennies are not available cash transactions are rounded up or down.

Congratulations! The correct answer is false. It’s actually made of steel.

Oops! The correct answer is false. It’s actually made of steel.

Congratulations! The correct answer is false. The nickel is actually bigger than the dime which is worth twice as much!

Oops! The correct answer is false. The nickel is actually bigger than the dime which is worth twice as much!

Congratulations! The correct answer is false. The dollar coin was the first coin to replace a bill and soon became nick-named a “Loonie” because of the loon featured on its reverse. Later, when the two dollar coin made an appearance, a number of nicknames were suggested including: the bearie , the bearly, the deuce, the doubloonie, and the moonie (because it depicted "the Queen with a bear behind"). In the end the public stuck with "Toonie", a word combining the number "two" with the name of the loonie, Canada's one-dollar coin. It is occasionally spelled "twonie" or "twoonie", but Canadian newspapers and the Royal Canadian Mint use the "toonie" spelling. Fun fact: Did you know that the bear on the two dollar coin has a name? A competition to name the bear resulted in the name "Churchill", a reference both to Winston Churchill and to the common polar bear sightings in Churchill, Manitoba

Oops! The correct answer is false. The dollar coin was the first coin to replace a bill and soon became nick-named a “Loonie” because of the loon featured on its reverse. Later, when the two dollar coin made an appearance, a number of nicknames were suggested including: the bearie , the bearly, the deuce, the doubloonie, and the moonie (because it depicted "the Queen with a bear behind"). In the end the public stuck with "Toonie", a word combining the number "two" with the name of the loonie, Canada's one-dollar coin. It is occasionally spelled "twonie" or "twoonie", but Canadian newspapers and the Royal Canadian Mint use the "toonie" spelling. Fun fact: Did you know that the bear on the two dollar coin has a name? A competition to name the bear resulted in the name "Churchill", a reference both to Winston Churchill and to the common polar bear sightings in Churchill, Manitoba

Congratulations! The correct answer is “D”. The coins areToonie, Loonie, half-dollar, quarter, dime, nickel, penny.

Oops! The correct answer is “D”. The coins areToonie, Loonie, half-dollar, quarter, dime, nickel, penny.

Congratulations! This is a tricky question… the answer is false. Although many do, not every 25-cent coin will have a caribou on it. The quarter has the most commonly altered reverse in Canada, and is the usual venue for commemorative issues. Special coins have been issued in honour of the anniversary of Confederation, the millennium, the 2010 Olympic Games, provincial centennials to name but a few. Fun fact: CBC reported in 2004 that when a Canadian quarter was issued in honour of Remembrance Day, featuring a poppy on the reverse, American military contractors, unfamiliar with the coin’s design, believed these coins were outfitted with nanotechnology designed for espionage!!

Oops! This is a tricky question… the answer is false. Although many do, not every 25-cent coin will have a caribou on it. The quarter has the most commonly altered reverse in Canada, and is the usual venue for commemorative issues. Special coins have been issued in honour of the anniversary of Confederation, the millennium, the 2010 Olympic Games, provincial centennials to name but a few. Fun fact: CBC reported in 2004 that when a Canadian quarter was issued in honour of Remembrance Day, featuring a poppy on the reverse, American military contractors, unfamiliar with the coin’s design, believed these coins were outfitted with nanotechnology designed for espionage!!