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This quiz consists of 5 multiple choice and 5 short answer questions through Book 2, Chapter 3.

Multiple Choice Questions

1. What is the actual price at which any commodity is commonly sold called?
(a) The market price.
(b) The asking price.
(c) The derived price.
(d) The prime price.

2. What was the common instrument of commerce among the ancient Romans?
(a) Iron.
(b) Copper.
(c) Silver.
(d) Gold.

3. How are capitals diminished?
(a) By industry.
(b) By parsimony.
(c) By revenue.
(d) By prodigality.

4. What was the common instrument of commerce among the ancient Spartans?
(a) Iron.
(b) Gold.
(c) Copper.
(d) Silver.

5. What was one problem with the use of rude metals?
(a) Transporting them.
(b) Mining them.
(c) Keeping them safe.
(d) Weighing them.

Short Answer Questions

1. What is the common instrument of commerce and exchanges in some parts of the coast of India?

2. What kind of rent comes to the landlord after deducting the expense of management, of repairs, and all other necessary charges?

3. In all countries, what do men prefer in exchange for commodities?

4. How does annual consumption compare to annual spending?

5. What does the proportion between capital and revenue regulate?

(see the answer key)

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