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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 is the third part of capital use in every growing society?
(a) Agriculture.
(b) Foreign commerce.
(c) Inland commerce.
(d) Manufacturers.

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

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

4. What is a person's revenue equal to?
(a) The stock that is put into reserve.
(b) The quantity of comsumable goods he can purchase.
(c) The money left over after buying his necessities.
(d) The wages he is paid.

5. What is another name for paper money?
(a) Circulating notes.
(b) Commerce notes.
(c) Promissory notes.
(d) Debtors' notes.

Short Answer Questions

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

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

3. Which profession is not an example of an artificer?

4. In some measure, every man in a growing commercial society becomes what?

5. In the rude ages of society, what was the common instrument of commerce?

(see the answer key)

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