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This quiz consists of 5 multiple choice and 5 short answer questions through End of Book 4 & Book 5, Chapter 1.

Multiple Choice Questions

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

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

3. How are almost all loans made?
(a) In gold.
(b) In paper money.
(c) In goods.
(d) In silver.

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

5. What regulates the quantity of materials and provisions that a town buys?
(a) The quantity of work they sell to those in the country.
(b) The quantity of manufacture they get from those in the country.
(c) The quantity of work the country has to sell.
(d) The quantity of raw materials they get from those in the country.

Short Answer Questions

1. What are the people who employ their own capital called?

2. According to the author why, two or three centuries before, were his British ancestors mostly idle concerning industry?

3. What is a borrower who uses his borrowed stock for immediate consumption?

4. What is true of both a farm and a retail trade?

5. What is the whole annual produce of the land and labor of every country used for?

(see the answer key)

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