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This quiz consists of 5 multiple choice and 5 short answer questions through Book 2, Chapter 3.

Multiple Choice Questions

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

2. How are capitals diminished?
(a) By revenue.
(b) By prodigality.
(c) By parsimony.
(d) By industry.

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

4. According to Homer, how much did the armor of Diomede cost?
(a) Nine oxen.
(b) Eight oxen.
(c) Eleven oxen.
(d) Ten oxen.

5. What was one problem with the use of rude metals?
(a) Transporting them.
(b) Weighing them.
(c) Mining them.
(d) Keeping them safe.

Short Answer Questions

1. What does a man expect when he employs his stock as capital?

2. How does annual consumption compare to annual spending?

3. What kind of demand brings a commodity to market?

4. What is it called when gold purchases goods in one foreign country in order to supply the consumption of another?

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

(see the answer key)

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