Economics Power Quiz #2

Ms. Garrett

If you have any questions or concerns about this quiz,
please contact the creator of the quiz.

Read the following scenarios. Choose which answer choice describes what is happening. Click "submit" to send your answers.

  1. The Jamestown colonist, Captain John Smith, traded with the Powhatan Indians. He traded extra fur pelts for corn he needed.
  2. Your answer:
    saving
    barter
    credit
    debt


  3. The farmer needed to pay back the store owner for the flour and tea he had bought at the store last month.
  4. Your answer:
    barter
    cash crop
    debt
    saving


  5. The Virginia colonist put extra money away in a jar in the hopes of buying more farm land in the future.
  6. Your answer:
    credit
    debt
    barter
    saving


  7. The settlers at Jamestown grew tobacco. They shipped it to England to sell for money.
  8. Your answer:
    barter
    cash crop
    debt
    saving


  9. The farmer did not have any money to buy seed at the general store. The store owner said he could buy it now and pay for it after he sold his crop harvest.
  10. Your answer:
    trade
    credit
    saving
    barter


  11. The wealthiest people in the Virginia colony paid for their clothing and food using silver coins and paper bills.
  12. Your answer:
    cash crop
    barter
    debt
    money



QuizCenter © 2000 - 2002. This quiz was generated at Quiz Center on DiscoverySchool.com. All rights reserved.