Constitutional Guide Questions and AnswersThe questions cover the subject of money, finances, and taxes related to the Constitution. There are 20 questions.

Have a pen or pencil available.

The answers to the questions are located at the end of the slide.

Question 1Who was the Founding Father that wrote the 1792 Coinage Act?

A – Thomas JeffersonB – George WashingtonC – Alexander HamiltonD – Roger Sherman

Question 2Who was the Founding Father that wrote the publication "A Caveat Against Injustice"?

A – George WashingtonB – Edmund BurkeC – Roger ShermanD – James Madison

Question 3Definition: What is an impost under the Constitution?

A – Something imposed or levied: taxB – Postage noteC – An interest bearing noteD – U.S. Department of Treasury

Question 4Who gave the famous "Veto Message of 1832" against the Bank?

A – Thomas JeffersonB – Andrew JacksonC – Alexander HamiltonD – James Madison

Question 5What Article in the Constitution allows gold and silver to be legal tender?

A – Article I Section VIIIB – Article I Section XC – Article I Section VID – Article I Section IX

Question 6Who is famous for the following quote: "The power to tax is the power to destroy."?

A – John MarshallB – Thomas JeffersonC – John AdamsD – James Madison

Question 7Who was the Founding Father that proposed the decimal coinage system?

A – John DickinsonB – Robert MorrisC – Thomas JeffersonD – Alexander Hamilton

Question 8What currency was used prior to the formation of the U.S. Constitution?

A – U.S. DollarB – Confederate DollarC – Continental DollarD – Copper

Question 9What section in the "1792 Coinage Act" made it a death penalty to debase the currency?

A – Section 4B – Section 12C – Section 19D – Section 20

Question 10What did the 1792 Coinage Act fulfill in the U.S. Constitution?

A – Article I, Section 7B – Article I, Section 8C – Article I, Section 9D – Article I, Section 10

Question 11What was one of the objections regarding Andrew Jackson's Bank Veto message?

A – Foreign ShareholdersB – Fractional Reserve BankingC – Free floating currencyD – Sound money

Question 12Who was the Founding Father that stated: "A penny saved is twopence clear."?

A – Benjamin FranklinB – Thomas JeffersonC – Roger ShermanD – James Madison

Question 13Who was the Founding Father that wrote the "Defence of the Destruction of Tea"?

A – Patrick HenryB – Samuel AdamsC – Alexander HamiltonD – Thomas Jefferson

Question 14Who was the Founding Father that stated: "No taxes can be devised which are not more or less inconvenient and unpleasant"?

A – Thomas JeffersonB – George WashingtonC – Benjamin FranklinD – Patrick Henry

Question 15What case struck down the Income Tax?

A – 1895 Pollock vs. Farmers Loan & Trust Co.B – 1803 Marbury vs. MadisonC – Federalist Paper No. 12D – Anti-Federalist Paper No. 10

Question 16What is the definition of a "Tonnage"?

A – An act of apportioningB – Something imposed or levied: taxC – A duty or impost on vesselsD – To divide and share

Question 17What Bills of Credit were implied in the publication "A Caveat Against Injustice"?

A – Virginia Bills of CreditB – Connecticut Bills of CreditC – Rhode Island Bills of CreditD – North Carolina Bills of Credit

Question 18The Spanish American dollar was valued at?

A – 1300 federal unitsB – 1420 federal unitsC – 1440 federal unitsD – 1500 federal units

Question 19According to Thomas Jefferson what was a concern of the National Bank?

A – To transmit lands to successorsB – Banking under national authorityC – Alien subscribers held landsD – All of the above

Question 20What year was the Report on the National Bank written?

A – 1792B – 1791C – 1790D – 1789

Answers

1) C - Alexander Hamilton2) C - Roger Sherman3) A - Something imposed or levied: tax4) B - Andrew Jackson5) D - Article I Section IX6) A - John Marshall7) B - Robert Morris8) C - Continental Dollar9) C - Section 1910) D - Article I, Section 1011) A - Foreign Shareholders12) A – Benjamin Franklin13) C – Alexander Hamilton14) B – George Washington15) A – 1895 Pollock vs. Farmers Loan & Trust Co.16) C - A duty or impost on vessels17) C – Rhode Island Bills of Credit18) C – 1440 federal units19) D – All of the above20) C – 1790