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

Multiple Choice Questions

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

2. What word expressed the weight or quantity of metal contained in the first coins?
(a) Stamp.
(b) Fineness.
(c) Purity.
(d) Denomination.

3. What comes before convenience?
(a) Luxury.
(b) Opulence.
(c) Maintenance.
(d) Subsistence.

4. Which profession is not an example of an artificer?
(a) Carpenters.
(b) Farmers.
(c) Tanners.
(d) Wheel-wrights.

5. What is the intention of the fixed capital?
(a) To decrease the overhead cost of manufacturing.
(b) To decrease the number of workmen needed.
(c) To increase the productive powers of labour.
(d) To increase the speed of manufacturing.

Short Answer Questions

1. What is the common instrument of commerce and exchanges in some parts of the coast of India?

2. What is a person's revenue equal to?

3. What year was the Bank of England allowed to enlarge its capital stock?

4. When was the Bank of England incorporated?

5. What is the third part of capital use in every growing society?

(see the answer key)

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