Time is Money Trivia Quiz

Answer: Iceland

The word króna comes from the Latin 'corona (crown) and some variation is also used in Denmark (krone), Sweden (krona) and Norway (krone). In Iceland, you can use a single króna or numerous krónur. The Icelandic króna was once divided into 100 aurar but those are no longer used. The smallest banknote denomination now in use is the 500 krónur (about £2.50 or US $4 in 2012).
Other countries in the GMT time zone include the Faroe Islands (where the currency is a version of the Danish krone), Ivory Coast, Ghana and Senegal (where the Franc remains as a reminder of French colonization).
Of the other alternatives, both Norway and Denmark are both one hour ahead of GMT.

Answer: Nigeria

Nigeria adopted replaced the Pound with the Naira in 1973 following independence from Britain. One naira is sub-divided into 100 kobo. Banknotes are issued for denominations from 5 naira (about 3 US cents) to 1000 naira (about £4 or US $6.30). Nigeria began issuing polymer notes for the four smallest denominations in 2007-09. Other countries in this time zone include much of Europe, from France in the west to Hungary and Poland in the east.

In the southern hemisphere, this time zone covers most of west/central Africa, from Equatorial Guinea, Angola (where you would need Kwanza to buy lunch) and Gabon on the west coast, to to Tunisia, Algeria and Chad (one of many using the Central African Franc) in the center.

The other alternative, Egypt, is a further hour ahead of GMT,

Answer: Madagascar

Although the ariary (which means 'silver dollar') has operated alongside the 'Malagasy Franc' since 1961, it only became the official currency of Madagascar in 2005. One ariary is sub-divided into 5 iraimbilanja. Banknotes in circulation range from 100 ariary (between 4-5 US cents) to 10,000 ariary (about £2.85 in 2012). This time zone covers Belarus in the north, Bahrain, Iraq and Saudi Arabia in the Middle East, and mainland east African countries from Sudan, through Somalia and Eritrea (where the currency is the Nakfa), to Uganda, Kenya and Tanzania (all of which use a variation of the 'Shilling').

The other alternative, Swaziland, is further west, in the GMT +2 time zone.

Answer: Uzbekistan

The Uzbekistan Som replaced the Ruble as the national currency in November 1993, five months after independence. One som is divided into 100 tiyin. Banknotes are in circulation for denominations from 1 som to 1000 som (only 32p or US $0.50 in 2012).
Other countries in this time zone include Tajikistan , Kazakhstan and Turkmenistan (where the currency is the Turkmen new manat), as well as Pakistan (which uses the Rupee) and the Maldives. The other alternative, Sri Lanka, shares a time zone with India which is GMT +5.30.

Answer: Renminbi

Although The People's Republic of China is the world's third-largest country and easily covers more than one geographical time zone, but the same time is used throughout the country. This means that if you cross the border between Nepal and western China, you must move your watch forward 2 hours 15 minutes although you have taken only a single step. Enter China northwards from North Korea, and you will travel an hour backwards.
The official currency of China is the 'Renminbi' (meaning people's currency). The basic unit of currency is the 'Yuán', with 1 yuán divided into 10 Jiǎo, and 1 jiǎo further divided into 10 Fēn. Banknotes in circulation range from 1 Jiǎo to 100 Yuán (£10 or US $16 in 2012).
It is not surprising that the GMT +8 time zone is the world's most populous, with more than 22% of the world's people living here. As well as China, this time zone includes Malaysia (where the Ringgit buys lunch), the Philippines (the remaining former Spanish colony outside the Americas that still uses the Peso), Indonesia (home to the Rupiah), Singapore and even Western Australia.

Answer: South Korea

The Korea Won was replaced by the Yen during the period of Japan's colonial influence over the region. In 1945, though, the Yen was replaced with two new currencies, both called 'Won', one for North Korea and one for South Korea. 1 Won is subdivided into 100 Jeon. Banknotes are issued for values from 1,000 (about 91 US cents) Won to 50,000 Won (about £28 in 2012).
Other countries in this time zone include Irkutsk Oblast and Buryatia in Russia, Moluccas, Papua and West Papua in eastern Indonesia (where the currency is the rupiah), Japan, East Timor and Palau (in both of which you will need US Dollars to buy dinner).

Answer: Wallis & Futuna

The Territory of the Wallis and Futuna Islands is a French collectivity in the southern Pacific Ocean. The currency used here is the CFP Franc, the common currency used in French overseas collectivities (also including nearby French Polynesia and New Caledonia). Notes are issued in denominations ranging from 500 to 10,000 (£68 or US $110 in 2012). This time zone covers an area that encompasses the eastern edge of Russia in the north, thousands of miles of empty Pacific Ocean, and a few island nations in the south.

The largest is New Zealand (where the NZ Dollar would be needed to buy a cup of coffee). With an area of just 8 sq miles and a population of under 10,000, Nauru (formerly known as Pleasant Island) is the world's smallest republic.

It does not have its own currency but instead uses the Australian Dollar. Also in this time zone are Fiji (the Fijian Dollar would come in handy here), Kiribati and Tuvalu (which both also use the A$) and the Marshall Islands (which uses the US Dollar).

Answer: Guatemala

The Guatemalan Quetzal is named for the country's national bird, the Resplendent Quetzal - in Mayan times, the bird's tail feathers were used as currency. The Quetzal is divided into 100 centavos. Banknotes are in circulation for values from 50 centavos (about 6 US cents) to 200 Quetzales (about £16 in 2012). The GMT-6 time zone covers parts of Canada, the Central Time Zone in the USA, and most of Mexico as well as the nations of Central America.

In Honduras the currency is the Lempira, in Nicaragua it is the Crodoba, and in Costa Rica it is the Colon. Belize uses the Belize Dollar and El Salvador the US Dollar.

The Galapagos Islands, which are part of Ecuador (where the US Dollar is also the currency) also fall in this time zone.

Answer: Haiti

The Gourde replaced the Livre as the unit of currency in Haiti in 1813. One gourde is divided into 100 centimes. Banknotes currently in circulation range from 10 Gourdes (2.3 US cents) to 1000 Gourdes (about £15 at 2012 conversion rates). The GMT-5 time zone encompasses Ontario, Quebec and eastern Nunavut in Canada, the Eastern Time Zone in the USA and Panama (which uses both the Balboa and the US Dollar) in Central America. Columbia, Ecuador and Peru (where the Neuvo Sol is the basic currency) in South America and some Caribbean island nations are also at GMT -5.

In the Caribbean, Jamaica and the Cayman Islands both have their own Dollar currencies, whilst you would need Cuban Pesos to purchase that country's famous cigars.

Answer: Brazil

The modern Brazilian Real was introduced in 1994. Its name comes from the Portuguese meaning 'Royal'. One real is divided into 100 centavos. Banknotes currently in circulation range from 2 Real (about $1 US) to 100 Real (£31 at 2012 rates).
The GMT-4 time zone covers the eastern seaboard of Canada, Bermuda, many of the Caribbean island nations and much of South America. Chile is one of the South American countries that uses the Peso, Paraguay has the Guarani and Bolivia the Boliviano.