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

2. What kind of revenue remains free to a country after deducting the expense of maintaining their fixed circulating capital?
(a) Net revenue.
(b) Production revenue.
(c) Consumption revenue.
(d) Gross revenue.

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

4. What is the third part of capital use in every growing society?
(a) Agriculture.
(b) Inland commerce.
(c) Manufacturers.
(d) Foreign commerce.

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

Short Answer Questions

1. In some measure, every man in a growing commercial society becomes what?

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

3. What is the intention of the fixed capital?

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

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

(see the answer key)

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