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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. Who should own lands like parks, gardens, and public walks?
(a) The public.
(b) No one.
(c) Individual owners.
(d) The crown.

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

3. What gave Great Britain the monopoly of supplying the colonies with all the commodities of growth and manufacturing?
(a) The Trade Agreement of 1780.
(b) The Act for the Encouragement of Trade.
(c) The Colonial Commerce Bill.
(d) The North American Trade Agreement.

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

5. When a government has borrowed a great deal of money, what is the justification for imposing new taxes?
(a) To pay back the borrowed money.
(b) To pay the interest on the borrowed money.
(c) To run a government which has become more expensive.
(d) To refill the emptied treasury.

Short Answer Questions

1. What is the real measure of the exchangeable value of all commodities?

2. Where are the separation of different trades and employments from one another generally found?

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

4. What are the three original sources of all revenue?

5. St. Thomas and Santa Cruz are the only new world countries ever possessed by which country?

(see the answer key)

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