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This quiz consists of 5 multiple choice and 5 short answer questions through End of Book 3 & Book 4, Chapter 1.

Multiple Choice Questions

1. What does the interest rate on borrowed money need to be to prevent usury?
(a) The rate needs to be equal to the lowest market price.
(b) The rate needs to be somewhat above the lowest market price.
(c) The rate needs to be somewhat below the lowest market price.
(d) The rate needs to be half the lowest market price.

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

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

4. Who besides productive and unproductive laborers are all equally maintained by the annual produce of the land and labor of the country?
(a) Those who are not citizens of the country.
(b) Those who labor in another country.
(c) Those who labor only for themselves.
(d) Those who do not labor at all.

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

Short Answer Questions

1. What is the first part of capital use in every growing society?

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

3. According to Homer, how much did the armor of Diomede cost?

4. What was prohibited from exportation in France until 1764?

5. What kind of revenue is made from the interest on money?

(see the answer key)

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