Quiz Creator - What is the basic unit of currency for Taiwan ?

Trivia Question 1: What is the basic unit of currency for Taiwan ?

Click to reveal the Answer

Answer: Dollar

Show me Another Question Sign Up To Make Your Own Quizzes

2024 update - Because we like you, here are some more free general knowledge trivia and quiz questions.

When it comes to currency in Taiwan, the basic unit is the New Taiwan Dollar (NTD). The New Taiwan Dollar is the official currency of Taiwan and is commonly abbreviated as NT$.

The New Taiwan Dollar has been the currency of Taiwan since 1949, after the Republic of China moved to Taiwan. It replaced the Old Taiwan Dollar at a ratio of 40,000 to 1. The New Taiwan Dollar is issued by the Central Bank of the Republic of China and is available in various denominations, including coins and banknotes.

In terms of currency code, the New Taiwan Dollar is represented as TWD. This currency code is widely recognized and used in financial transactions and international exchange rates.

One New Taiwan Dollar is further divided into smaller units called cents. Each New Taiwan Dollar consists of 100 cents. The cent is represented by the symbol "ยข" and is commonly referred to as "jiao" in Mandarin Chinese. However, due to its low value, cents are not frequently used in daily transactions, and prices are typically rounded to the nearest dollar.

The New Taiwan Dollar is widely accepted in Taiwan and can be used for various purchases, including food, transportation, and accommodation. It is also accepted in some duty-free shops and tourist destinations. However, it's worth noting that in certain areas, especially more rural or remote locations, cash might be preferred over credit cards or electronic payments.

For visitors traveling to Taiwan, it's advisable to exchange some currency to New Taiwan Dollars upon arrival. Currency exchange services are available at airports, banks, and authorized exchange offices. Additionally, ATMs are widely available throughout Taiwan, allowing visitors to withdraw New Taiwan Dollars using their debit or credit cards.

In conclusion, the New Taiwan Dollar (NTD) is the basic unit of currency in Taiwan, represented by the currency code TWD. This currency is widely accepted and used for daily transactions, making it essential for visitors and residents alike to familiarize themselves with its denominations and value.

Trivia Question 2: What is the capital of New Jersey?

Click to reveal the Answer

Trenton

Learn more about this question
Trivia Question 3:What planet is considered the earth's twin in size & mass?

Click to reveal the Answer

Venus

Learn more about this question
Trivia Question 4:What's the primary function of two thirds of a shark's brain?

Click to reveal the Answer

Detecting aromas

Learn more about this question
Trivia Question 5:Who is tippi hedren's daughter?

Click to reveal the Answer

Melanie griffith

Learn more about this question
Who recorded as Dib Cochran and the Earwigs?

Click to reveal the Answer

Marc Bolan and David Bowie

Learn more about this question
Trivia Question 6:What does Norway give to Britain each year in appreciation of wartime support??

Click to reveal the Answer

A Christmas Tree

Learn more about this question

Need more questions? With QuizCreator, you can:

Create Complete Quizzes

Create quizzes complete with rounds, that you can save and re-use whenever you want.

Access Over 52k Free Questions.

Add your own questions (or images for image rounds), but if you're stuck, we have over 52k questions that you can use in your quiz.

Auto-create Answer Sheets

When your quiz is ready, just press a button and download questions and answer sheets for you and your contestants.

Sign Up