Founding Fathers and Financial Issues

Which of the following are notes created by the government that can be cashed in at a later time for cash?

• Bond

• IOU

• Debit Card

• Payday Advance

What is a financial instrument issued by a government or corporation that promises to pay back with interest?

• Stock

• Mutual Fund

• Certificate of Deposit

• Bond

Which of the founding fathers believed the common man had no interest in public affairs?

• George Washington

• Thomas Jefferson

• Alexander Hamilton

• John Adams

Who was the first Secretary of the Treasury? You must spell it correctly and use proper capitalization.

Who were the people that bought bonds from soldiers for a lower price, in the hopes they would make money in the future?

• Bankers
• Brokers
• Speculators
• Investors

Which of the founding fathers believed the common citizen has enough sense to take part in the way the country is run?

• George Washington
• Alexander Hamilton
• Thomas Jefferson
• Benjamin Franklin

In 1790, what or who did we owe the most money to?

• Returning soldiers

• The British government and its colonies.
• Local farmers and merchants.
• Foreign creditors, primarily France and the Netherlands.

________ was the 2nd capital of the United States. You must spell it correctly and use proper capitalization to get the answer correct

The future U.S. capital of Washington D.C. was located on which two states?

• Maryland and Virginia
• New York and Pennsylvania
• California and Oregon
• Texas and Florida

On April 2, 1792, what act was passed?

• The Currency Act
• The Taxation Act
• The Trade Regulation Act
• The Coinage Act