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Korean yen Wiki2Web Clarity Challenge

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Study Guide: The Korean Yen: Currency and History

Cheat Sheet:
The Korean Yen: Currency and History Study Guide

Korean Yen: Overview and Historical Context

The Korean yen was the official currency of Korea exclusively between 1910 and 1945.

Answer: True

Explanation: The Korean yen served as the official currency of Korea during the period of Japanese rule, from 1910 to 1945.

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The Korean yen held a different value compared to the Japanese yen during its circulation.

Answer: False

Explanation: The Korean yen was equivalent in value to the Japanese yen throughout its circulation period.

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The infobox for the Korean yen indicated that coins were also issued alongside banknotes.

Answer: False

Explanation: The infobox explicitly states that no coins were issued for the Korean yen; only banknotes were in circulation.

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The Korean yen was used during the period when Korea was referred to as the "Korean Empire."

Answer: False

Explanation: The Korean yen was primarily used during the period of Japanese rule (1910-1945), succeeding the Korean Empire won which was in use until 1910.

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The Korean yen was listed in the "Historical currencies of Korea" navbox, indicating its use from 1902 to 1945.

Answer: False

Explanation: The Korean yen is listed in the 'Historical currencies of Korea' navbox, but its period of use was primarily 1910-1945, succeeding the Korean Empire won (1902-1910).

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The Korean yen was the first currency used in Korea during the 20th century.

Answer: False

Explanation: The Korean yen was not the first currency of the 20th century in Korea; the Korean Empire won preceded it.

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The Korean yen was adopted as part of Japan's increasing economic influence and eventual annexation of Korea.

Answer: True

Explanation: The adoption of the Korean yen was a direct consequence of Japan's growing economic influence and its eventual annexation of Korea.

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The "infobox-below" note suggests the Korean yen currency remained in use after 1945.

Answer: False

Explanation: The 'infobox-below' note suggests the infobox details the Korean yen's status until its obsolescence, implying discontinuation after 1945.

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What was the official currency of Korea during the period of Japanese rule from 1910 to 1945?

Answer: Korean Yen

Explanation: The Korean yen was the official currency of Korea during the period of Japanese rule from 1910 to 1945.

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How did the value of the Korean yen compare to the Japanese yen?

Answer: It was equivalent in value to the Japanese yen.

Explanation: The Korean yen maintained an equivalent value to the Japanese yen throughout its period of circulation.

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According to the infobox, what was the status of coin issuance for the Korean yen?

Answer: No coins were issued for the Korean yen.

Explanation: The infobox for the Korean yen indicates that no coins were issued for this currency.

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What does the "short description" for the Korean yen article state?

Answer: The currency of colonial Korea.

Explanation: The short description identified the Korean yen as the currency of colonial Korea from 1910 to 1945.

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The Korean yen article mentions a "More footnotes needed" template. What does this typically indicate?

Answer: The article requires additional citations for factual accuracy.

Explanation: The 'More footnotes needed' template signifies a lack of sufficient inline citations to support specific factual claims within the article.

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The Korean yen was listed in the "Korea under Japanese rule" navbox primarily to signify:

Answer: Its status as a currency used during Japanese colonial administration.

Explanation: The inclusion of the Korean yen in the 'Korea under Japanese rule' navbox highlights its role as a key economic instrument and symbol of Japanese colonial administration in Korea from 1910 to 1945.

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Issuing Banks: Dai-Ichi, Bank of Korea, and Bank of Chōsen

The Dai-Ichi Bank was the sole issuer of Korean yen banknotes throughout the entire period of Japanese rule.

Answer: False

Explanation: While Dai-Ichi Bank issued early banknotes, the Bank of Chōsen (formerly the Bank of Korea) also issued Korean yen banknotes during the period of Japanese rule.

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The Bank of Korea, founded in 1909, issued banknotes that were redeemable in silver.

Answer: False

Explanation: The Bank of Korea, established in 1909, issued banknotes that were redeemable in gold or Bank of Japan notes, not silver.

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After Korea's annexation by Japan in 1910, the Bank of Korea was renamed the Bank of Chōsen.

Answer: True

Explanation: Following the annexation of Korea by Japan in 1910, the institution known as the Bank of Korea was reorganized and renamed the Bank of Chōsen.

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The Bank of Chōsen was also known by the Korean name Joseon Eunhaeng.

Answer: True

Explanation: The Bank of Chōsen is indeed known by its Korean name, Joseon Eunhaeng.

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The Dai-Ichi Bank notes were redeemable in Japanese currency at its branches in Korea.

Answer: True

Explanation: Dai-Ichi Bank notes were indeed redeemable in Japanese currency at its branches located within Korea.

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The Bank of Chōsen was established in Seoul in 1909 as a central bank.

Answer: True

Explanation: The Bank of Chōsen was indeed established in Seoul in 1909, initially as the Bank of Korea, functioning as a central bank.

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The Bank of Chōsen's Korean name was Chōsen Ginkō.

Answer: False

Explanation: The Korean name for the Bank of Chōsen was Joseon Eunhaeng; Chōsen Ginkō is its Japanese name.

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Which institution was initially responsible for issuing banknotes in Korea from 1902 to 1910?

Answer: Dai-Ichi Bank

Explanation: The Dai-Ichi Bank was responsible for issuing banknotes in Korea between 1902 and 1910.

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Which entity succeeded the Bank of Korea after Korea's annexation by Japan in 1910?

Answer: The Bank of Chōsen

Explanation: Following Korea's annexation by Japan in 1910, the Bank of Korea was renamed the Bank of Chōsen.

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What was the primary difference noted between the Bank of Korea's 1 yen notes and the earlier Dai-Ichi Bank 1 yen notes?

Answer: The Bank of Korea notes replaced the Dai-Ichi Bank emblem with the royal plum crest.

Explanation: The Bank of Korea's 1 yen notes differed from Dai-Ichi Bank notes primarily by replacing the Dai-Ichi emblem with the royal plum crest.

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What was the Japanese name for the Bank of Chōsen?

Answer: Chōsen Ginkō

Explanation: The Japanese name for the Bank of Chōsen is Chōsen Ginkō.

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The phrase "Japanese Currency at any of its Branches in Korea" on Dai-Ichi Bank notes implies:

Answer: The notes could be exchanged for Japanese currency within Korea.

Explanation: The phrase 'Japanese Currency at any of its Branches in Korea' implies that Dai-Ichi Bank notes could be exchanged for Japanese currency within Korea.

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What was the role of the Bank of Chōsen in colonial Korea?

Answer: The central bank responsible for currency issuance and financial management.

Explanation: The Bank of Chōsen served as the central bank, responsible for issuing currency and managing financial affairs in colonial Korea.

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Banknote Denominations and Issuance Years

Dai-Ichi Bank issued Korean yen banknotes in denominations including 1, 5, and 10 yen.

Answer: True

Explanation: The Dai-Ichi Bank issued Korean yen banknotes in various denominations, including 1, 5, and 10 yen.

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The Bank of Chōsen primarily issued banknotes in denominations of 1000 yen and 5000 yen.

Answer: False

Explanation: The Bank of Chōsen primarily issued banknotes in denominations of 1, 5, 10, and 100 yen; 1000 and 5000 yen denominations were not its primary issues.

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A 1000 yen banknote was successfully issued by the Bank of Chōsen for circulation at the end of World War II.

Answer: False

Explanation: A 1000 yen banknote was printed by the Bank of Chōsen for potential issuance at the end of World War II, but it was never officially circulated.

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In 1916, the Bank of Chōsen issued sen banknotes including 5, 10, 20, and 50 sen denominations.

Answer: True

Explanation: The Bank of Chōsen issued sen banknotes in 1916 across multiple denominations: 5 sen, 10 sen, 20 sen, and 50 sen.

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The Bank of Chōsen issued 1, 5, 10, and 100 yen banknotes in 1944.

Answer: True

Explanation: In 1944, the Bank of Chōsen issued banknotes across several denominations, including 1 yen, 5 yen, 10 yen, and 100 yen.

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The Bank of Chōsen issued 10, 20, and 50 sen denominations in 1919.

Answer: True

Explanation: In 1919, the Bank of Chōsen issued sen banknotes in denominations of 10 sen, 20 sen, and 50 sen.

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The Bank of Chōsen issued a 1000 yen banknote that was widely circulated during the final years of Japanese rule.

Answer: False

Explanation: Although a 1000 yen banknote was printed by the Bank of Chōsen, it was never widely circulated or officially issued.

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The Bank of Chōsen issued 10 and 50 sen banknotes in 1937.

Answer: True

Explanation: In 1937, the Bank of Chōsen issued sen banknotes in denominations of 10 sen and 50 sen.

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The Bank of Chōsen issued 1, 5, and 10 yen banknotes in 1945, but no 100 yen notes were issued that year.

Answer: False

Explanation: The Bank of Chōsen issued 1 yen, 5 yen, and 100 yen banknotes in 1945; the 10 yen denomination was not issued that year, and the 100 yen was.

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Which of the following denominations was *not* regularly issued by the Bank of Chōsen?

Answer: 1000 yen

Explanation: While a 1000 yen banknote was printed, it was not regularly issued or circulated by the Bank of Chōsen.

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Which of the following pairs correctly matches a Bank of Chōsen banknote issue year with its denominations?

Answer: 1916 - 5, 10, 20, 50 sen

Explanation: The Bank of Chōsen issued sen banknotes in denominations of 5, 10, 20, and 50 sen in 1916.

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The Bank of Chōsen issued sen banknotes in 1916 and again in which other year(s) mentioned in the source?

Answer: 1919 and 1937

Explanation: Sen banknotes were issued by the Bank of Chōsen in 1916, 1919, and 1937.

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Which yen denominations were issued by the Bank of Chōsen in 1944?

Answer: 1, 5, 10, 100 yen

Explanation: In 1944, the Bank of Chōsen issued 1, 5, 10, and 100 yen banknotes.

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Which of the following denominations was issued by the Bank of Chōsen in 1932?

Answer: 10 yen

Explanation: In 1932, the Bank of Chōsen issued 1, 5, and 10 yen banknotes.

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Banknote Designs, Features, and Redeemability

The sen notes issued by Dai-Ichi Bank were horizontally oriented, unlike Japanese sen notes of the same period.

Answer: False

Explanation: The sen notes issued by Dai-Ichi Bank were described as vertically oriented, contrasting with the horizontal orientation of some contemporary Japanese sen notes.

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The 1911 Bank of Chōsen 1, 5, 10, and 100 yen notes were designated as "Gold certificates" because they were backed by gold.

Answer: True

Explanation: The 1911 series of Bank of Chōsen notes, including the 1, 5, 10, and 100 yen denominations, were designated as 'Gold certificates,' indicating they were backed by or redeemable in gold.

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Jurōjin was depicted on the obverse of the 1911 Bank of Chōsen 100 yen banknote.

Answer: False

Explanation: The Jurōjin motif was featured on the obverse of the 1, 5, and 10 yen notes of the 1911 series; the 100 yen note depicted Daikokuten.

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Early Bank of Chōsen notes were redeemable in "Silver or Nippon Ginko Note."

Answer: False

Explanation: Early Bank of Chōsen notes were redeemable in 'Gold or Nippon Ginko Note,' indicating their backing by gold or the Bank of Japan's currency.

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The 5 sen note issued by the Bank of Chōsen in 1916 was described as "Stamp currency" for use in postal services.

Answer: False

Explanation: While the 5 sen note from 1916 was designated as 'Stamp currency,' its specific use was not limited to postal services; the term implies a fiscal or revenue function.

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The Bank of Chōsen issued 1, 5, and 10 yen banknotes in 1932, all featuring the Daikokuten motif.

Answer: False

Explanation: The 1, 5, and 10 yen banknotes issued by the Bank of Chōsen in 1932 featured the Jurōjin motif, not Daikokuten.

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Jurōjin was the motif featured on the obverse of the 100 yen Bank of Chōsen banknote issued in 1938.

Answer: True

Explanation: The Jurōjin motif was indeed featured on the obverse of the 100 yen banknote issued by the Bank of Chōsen in 1938.

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The Jurōjin motif was used on the 100 yen notes issued in 1945 by the Bank of Chōsen.

Answer: True

Explanation: The Jurōjin motif was featured on the obverse of the 1, 5, and 100 yen notes issued by the Bank of Chōsen in 1945.

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The phrase "Gold certificate" on 1911 Bank of Chōsen notes signified their convertibility into Japanese yen.

Answer: False

Explanation: The designation 'Gold certificate' signified convertibility into gold, not specifically Japanese yen, reflecting adherence to the gold standard.

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The reverse side of the 1 yen banknotes issued by the Bank of Korea had a green color.

Answer: False

Explanation: The source indicates a change in the color of the reverse side of the 1 yen banknotes issued by the Bank of Korea compared to Dai-Ichi Bank notes, but does not specify green as the color.

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The Dai-Ichi Bank issued sen notes described as having a resemblance to the Japanese military yen.

Answer: True

Explanation: The sen notes issued by Dai-Ichi Bank were noted for their resemblance to the Japanese military yen circulating during that period.

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What motif was featured on the obverse of the 1, 5, and 10 yen Bank of Chōsen banknotes issued in 1911?

Answer: Jurōjin

Explanation: The Jurōjin motif was featured on the obverse of the 1, 5, and 10 yen Bank of Chōsen banknotes issued in 1911.

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What did the "Gold certificate" designation on certain 1911 Bank of Chōsen notes signify?

Answer: They were backed by or redeemable in gold.

Explanation: The designation 'Gold certificate' on certain Bank of Chōsen notes indicated their backing by or redeemability in gold.

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The 5 sen banknote issued by the Bank of Chōsen in 1916 is noted for being what type of currency?

Answer: Stamp currency

Explanation: The 5 sen banknote issued by the Bank of Chōsen in 1916 is noted as 'Stamp currency'.

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The Korean yen banknotes issued in 1911 were designated as "Gold certificate" and featured which figures on their obverse?

Answer: Jurōjin (1, 5, 10 yen) and Daikokuten (100 yen)

Explanation: The 1911 'Gold certificate' notes featured Jurōjin on the 1, 5, and 10 yen denominations and Daikokuten on the 100 yen note.

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The Bank of Chōsen issued 1, 5, and 10 yen banknotes in 1932. What motif was consistently featured on these notes?

Answer: Jurōjin

Explanation: The Jurōjin motif was consistently featured on the obverse of the 1, 5, and 10 yen banknotes issued by the Bank of Chōsen in 1932.

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The Dai-Ichi Bank issued sen notes described as having a resemblance to which other type of currency?

Answer: Japanese military yen

Explanation: Dai-Ichi Bank sen notes were described as resembling the Japanese military yen.

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What was the stated redeemability of the earlier Bank of Chōsen notes?

Answer: Gold or Nippon Ginko Note

Explanation: Earlier Bank of Chōsen notes were redeemable in 'Gold or Nippon Ginko Note'.

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Currency Evolution: Predecessors, Subdivisions, and Successors

One Korean yen was subdivided into 100 sen, and each sen was further divided into 10 Rin.

Answer: True

Explanation: The Korean yen was subdivided into 100 sen, and each sen was further divided into 10 Rin, establishing a decimal system within the currency.

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The Korean yen was succeeded by the Korean dollar after World War II.

Answer: False

Explanation: The Korean yen was succeeded by the Korean won in both North and South Korea after World War II, not the Korean dollar.

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The Korean yen replaced the Korean yang at a ratio of 1 yang to 5 yen.

Answer: False

Explanation: The Korean yen replaced the Korean yang at a ratio of 1 yen to 5 yang, not the other way around.

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The division of Korea after World War II led to the introduction of the Korean yen in both the North and South.

Answer: False

Explanation: The division of Korea after World War II led to the introduction of the Korean won in both the North and South, replacing the Korean yen.

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The Korean yen was equivalent to 100 sen, and 1 sen was equivalent to 10 mō.

Answer: False

Explanation: The Korean yen was equivalent to 100 sen, but 1 sen was equivalent to 10 Rin, and 1 Rin was equivalent to 10 Mō, not 1 sen to 10 Mō directly.

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Which currencies succeeded the Korean yen after the division of Korea post-WWII?

Answer: Korean Won (North) and Korean Won (South)

Explanation: After World War II and the division of Korea, the Korean yen was succeeded by the North Korean won and the South Korean won.

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Which currency preceded the Korean yen, and at what exchange rate was it replaced?

Answer: Korean Yang, at 1 yen to 5 yang

Explanation: The Korean yen replaced the Korean yang at an exchange rate of 1 yen to 5 yang.

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Which of the following statements about the Korean yen's subdivisions is correct?

Answer: 1 yen = 100 sen, 1 sen = 10 rin

Explanation: The Korean yen was subdivided into 100 sen, and each sen was further divided into 10 Rin.

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Which of the following statements accurately describes the subdivisions of the Korean yen?

Answer: 1 yen = 100 sen; 1 sen = 10 rin; 1 rin = 10 mō

Explanation: The Korean yen was subdivided into 100 sen, each sen into 10 Rin, and each Rin into 10 Mō.

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