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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.
Multiple Choice Questions
1. In what country is the Ganges River?
(a) Egypt.
(b) India.
(c) Bengal.
(d) Italy.
2. When was the Bank of England incorporated?
(a) The 27th of July, 1695.
(b) The 27th of July, 1696.
(c) The 27th of July, 1693.
(d) The 27th of July, 1694.
3. What was the original form of the metals used for commerce?
(a) Nuggets.
(b) Bars.
(c) Lumps.
(d) Coins.
4. What is another name for paper money?
(a) Commerce notes.
(b) Debtors' notes.
(c) Promissory notes.
(d) Circulating notes.
5. How many general types of circulating capital are there?
(a) Four.
(b) Three.
(c) Five.
(d) Two.
Short Answer Questions
1. What encourages every man to apply himself to an occupation and cultivate whatever talent he may possess for that particular business?
2. How long would it take for a broad-wheeled wagon, attended by two men, and drawn by eight horses, to carry four tons of goods between London and Edinburgh?
3. What is the common instrument of commerce and exchanges in some parts of the coast of India?
4. What kind of revenue is made from the interest on money?
5. The ordinary or average rates of wages, profit, and rent may also be called what?
Short Essay Questions
1. In every society or neighborhood, how is the ordinary or average rate both of wages and profit regulated?
2. Why are circulating and fixed capital different for different occupations?
3. Why do commercial nations use coins of different kinds of metals?
4. What two values does the workman add to manufactured materials?
5. Explain a farmer's fixed and circulating capital.
6. How do fixed capital and circulating money resemble each other?
7. Why was the assaying of precious metals originally a problem?
8. What are the two possible origins of the propensity to truck, barter, and exchange one thing for another?
9. Using an example from the text, explain how the value of the most precious metal used for coinage regulates the value of coins made with a lesser metal.
10. How is the circulating capital of a society different from that of an individual?
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This section contains 1,009 words (approx. 4 pages at 300 words per page) |
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