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

Multiple Choice Questions

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

2. Originally, what did sailors fear?
(a) That islands moved around in the sea.
(b) Navigating on a cloudy night.
(c) That their compasses were inaccurate.
(d) Being out of sight of the shore.

3. How important is it that the merchant whose capital exports the surplus produce of any society be a native or a foreigner?
(a) It is of utmost importance.
(b) It is of little importance.
(c) It is of no importance at all.
(d) It's importance depends on a number of factors.

4. What are the natural consequences of the law of primogeniture?
(a) Bankrupcy.
(b) Divided estates.
(c) Female inheritors.
(d) Entails.

5. What kind of capital is employed in raising, manufacturing, or purchasing goods, and selling them again with a profit?
(a) Circulating capital.
(b) Fixed capital.
(c) Improving capital.
(d) Instrumental capital.

Short Answer Questions

1. What was the mint price of eight Paris ounces of gold according to the edict of January 1726?

2. During the twelve years of the reign of Queen Anne, what was the highest interest rate which could be taken for borrowed money?

3. Commonly, why does man #1 help man #2?

4. How many ways are there to employ capital?

5. How many general types of circulating capital are there?

(see the answer key)

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