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This quiz consists of 5 multiple choice and 5 short answer questions through Book 3, Chapter 1.

Multiple Choice Questions

1. What year was the Bank of England allowed to enlarge its capital stock?
(a) 1698.
(b) 1696.
(c) 1697.
(d) 1695.

2. What kind of revenue remains free to a country after deducting the expense of maintaining their fixed circulating capital?
(a) Production revenue.
(b) Gross revenue.
(c) Consumption revenue.
(d) Net revenue.

3. Where does the town gain its wealth and subsistence from?
(a) Its capital.
(b) Society.
(c) The country.
(d) Its manufacturers.

4. In seeking for employment to a capital, what is preferred to foreign commerce?
(a) Domestic merchandizing.
(b) Domestic manufacturers.
(c) Inland manufacturers.
(d) Inland merchandizing.

5. What is true about the amount of metal coins which circulate in a society?
(a) They fluctuate the revenue of the society.
(b) They have no relation to the revenue of the society.
(c) They can never be equal to the revenue of the society.
(d) They are equal to the revenue of the society.

Short Answer Questions

1. What kind of rent is paid by a farmer?

2. What is it called when gold purchases goods in one foreign country in order to supply the consumption of another?

3. What is a consequence of replacing gold money with paper money?

4. What was one problem with the use of rude metals?

5. What was the common instrument of commerce among the ancient Spartans?

(see the answer key)

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