1.This passage mainly discusses
1. American money from past to present
2. The English monetary policies in colonial America
3. The effect of the Revolution on American money
4. The American monetary system of the seventeenth and eighteenth centuries
2. The passage indicates that during the colonial period, money was
1. supplied by England 3. scarce
2. coined freely by the colonists 4. used extensively for trade
3. The Massachusetts Bay Colony was allowed to make coins
1. continuously from the inception of the colony
2. throughout the seventeenth century
3. from 1652 until the Revolutionary War
4. for a short time during one year
4. Which of the following is NOT mentioned in the passage as a substitute for money during the colonial period?
1.Wampum 3. Tobacco
2. Cotton 4. Beaver furs
5. According to the passage, what happened to the American monetary system during the Revolutionary War?
1. The Continental Congress issued gold and silver coins.
2. Individual states were not allowed to issue money.
3. So much paper money was circulated that it lost its value.
4. American money replaced trade in goods and foreign coins.