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

2. What is the common instrument of commerce and exchanges in Abyssinia?
(a) Shells.
(b) Salt.
(c) Sugar.
(d) Tobacco.

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

4. What does the lender consider stock lent at an interest?
(a) An industry.
(b) A profit.
(c) A capital.
(d) A revenue.

5. What happens when the quantity of silver increases?
(a) Its value is unaffected.
(b) Its value is under appreciated.
(c) Its value is diminished.
(d) Its value is increased.

Short Answer Questions

1. What has increased in countries where interest on borrowed money has been prohibited by law?

2. Where do a merchant's or retailer's profits come from?

3. In seeking for employment to a capital, what is preferred to foreign commerce?

4. In the ancient world, what was considered a most wonderful and dangerous exploit of navigation?

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

(see the answer key)

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