Zambia Currency Quiz
Answer the following multiple choice questions.
1. What is the name of the currency used in Zambia?
a. Kwacha
b. Shilling
c. Dollar
2. What is the approximate value of one unit of the Zambian currency in dollars?
a. 50
b. 12.5
c. 125
3. What is the meaning of the word “kwacha”
a. Peace
b. Bright
c. Dawn
4. In 2003, Zambia became the first African to do what?
a. Use real gold in all coins
b. Issue plastic banknotes
c. Debase the currency
5. Which two African countries call their currency the Kwacha?
a. Zambia and Malawi
b. Zimbabwe and Uganda
c. Rwanda and Zambia?
6. The Financial Times “Milk Index” (the equivalent of the Economist’s Big Mac Index, for
countries without McDonald’s) suggests that Zambia’s currency is:
a. Overvalued by 80%
b. Undervalued by 80%
c. Neither overvalued nor undervalued
7. Exports of copper from Zambia account for what proportion of all exports?
a. 25%
b. 50%
c. 75%
Zambia Currency Quiz
8. What is the current central bank rate of interest in Zambia?
a. 24.5%
b. 15.5%
c. 50%
9. By how much has the Zambian currency fallen against the UK Pound Sterling in the last
year?
a. 150%
b. 95%
c. 50%
10. What type of exchange rate system operates in Zambia?
a. Fixed
b. Floating
c. Crawling Peg
Zambia Currency Quiz
Solutions
1. A
2. B
3. C
4. B
5. A
6. A
7. C
8. B
9. C
10. B