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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. When was the Bank of England incorporated?
(a) The 27th of July, 1696.
(b) The 27th of July, 1694.
(c) The 27th of July, 1695.
(d) The 27th of July, 1693.

2. Which profession is not an example of an artificer?
(a) Farmers.
(b) Carpenters.
(c) Wheel-wrights.
(d) Tanners.

3. What is the common instrument of commerce and exchanges in some parts of the coast of India?
(a) Sugar.
(b) Shells.
(c) Tobacco.
(d) Salt.

4. In the rude ages of society, what was the common instrument of commerce?
(a) Food stuffs.
(b) Textiles.
(c) Cattle.
(d) Labor.

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

Short Answer Questions

1. What word expressed the weight or quantity of metal contained in the first coins?

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

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

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

5. What does a North American colonial artificer do when he has acquired a little more stock than is necessary for carrying on his own business in supplying the neighboring country?

(see the answer key)

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