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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. In some measure, every man in a growing commercial society becomes what?
(a) A merchant.
(b) A tinker.
(c) A farmer.
(d) A scholar.

2. According to Homer, how much did the armor of Diomede cost?
(a) Eight oxen.
(b) Nine oxen.
(c) Ten oxen.
(d) Eleven oxen.

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

4. What comes before convenience?
(a) Subsistence.
(b) Maintenance.
(c) Luxury.
(d) Opulence.

5. In all countries, what do men prefer in exchange for commodities?
(a) Like goods.
(b) Gem stones.
(c) Precious metals.
(d) Labor.

Short Answer Questions

1. What kind of revenue constitutes the whole annual produce of the a country's land and labor?

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

3. When was the Bank of England incorporated?

4. What was the original form of the metals used for commerce?

5. What regulates the quantity of materials and provisions that a town buys?

(see the answer key)

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