Quote from Azeem Ahmad Khan

The winners are awarded medals, but no prize money. The...

2018-05-01

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The winners are awarded medals, but no prize money. The top three finishers in each event receive a medal and a diploma. The next five finishers get only a diploma. Each first-place winner receives a gold medal, which is actually made of silver and coated with gold. The second-place medal is made of silver and the third-place medal is made of bronze. The design for the medal changes for each Olympics. All members of a winning relay team get a medal. In team sports, all the members of a winning team who have played in at least one of the games during the competition receive a medal.

Azeem Ahmad Khan in "Student's Encyclopedia of General Knowledge: The best reference book for students, teachers and parents"

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