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This quiz consists of 5 multiple choice and 5 short answer questions through The Anatomy of Compromise.

Multiple Choice Questions

1. Which British civil servant says the U.S. antitrust laws cannot be understood?
(a) A.D. Foster.
(b) A.D. Brookings.
(c) A.D. Gershwin.
(d) A.D. Neale.

2. What is one function of money?
(a) A means of accounting.
(b) A means of processing.
(c) A means of wealth.
(d) A means of saving.

3. Money functions as a __________ in transactions.
(a) Easy standard.
(b) Common denominator.
(c) National linkage.
(d) Similar currency.

4. What is the goal of the creation of the Federal Reserve System?
(a) To limit the amount of currency in circulation.
(b) To create a national savings account.
(c) To create a spending account for the military.
(d) To ease temporary reserve shortages.

5. Patents apply to what?
(a) Personal information.
(b) Theoretical knowledge.
(c) Inventions.
(d) Land.

Short Answer Questions

1. How does the author refer to a principle?

2. What are the two most common metals used as a medium of exchange?

3. The existence of money allows people to avoid the problems of ______.

4. In a gold-standard system, gold will flow from a low-interest-rate country to where?

5. Who writes the chapter entitled "The Effects of the industrial Revolution on Women and Children"?

(see the answer key)

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