Constitutional Guide Questions and Answers

1. Constitutional Guide Questions and Answers The 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.

2. Question 1 Who was the Founding Father that wrote the 1792 Coinage Act? A – Thomas Jefferson B – George Washington C – Alexander Hamilton D – Roger Sherman

3. Question 2 Who was the Founding Father that wrote the publication "A Caveat Against Injustice"? A – George Washington B – Edmund Burke C – Roger Sherman D – James Madison

4. Question 3 Definition: What is an impost under the Constitution? A – Something imposed or levied: tax B – Postage note C – An interest bearing note D – U.S. Department of Treasury

5. Question 4 Who gave the famous "Veto Message of 1832" against the Bank? A – Thomas Jefferson B – Andrew Jackson C – Alexander Hamilton D – James Madison

6. Question 5 What Article in the Constitution allows gold and silver to be legal tender? A – Article I Section VIII B – Article I Section X C – Article I Section VI D – Article I Section IX

7. Question 6 Who is famous for the following quote: "The power to tax is the power to destroy."? A – John Marshall B – Thomas Jefferson C – John Adams D – James Madison

8. Question 7 Who was the Founding Father that proposed the decimal coinage system? A – John Dickinson B – Robert Morris C – Thomas Jefferson D – Alexander Hamilton

9. Question 8 What currency was used prior to the formation of the U.S. Constitution? A – U.S. Dollar B – Confederate Dollar C – Continental Dollar D – Copper

10. Question 9 What section in the "1792 Coinage Act" made it a death penalty to debase the currency? A – Section 4 B – Section 12 C – Section 19 D – Section 20

11. Question 10 What did the 1792 Coinage Act fulfill in the U.S. Constitution? A – Article I, Section 7 B – Article I, Section 8 C – Article I, Section 9 D – Article I, Section 10

12. Question 11 What was one of the objections regarding Andrew Jackson's Bank Veto message? A – Foreign Shareholders B – Fractional Reserve Banking C – Free floating currency D – Sound money

13. Question 12 Who was the Founding Father that stated: "A penny saved is twopence clear."? A – Benjamin Franklin B – Thomas Jefferson C – Roger Sherman D – James Madison

14. Question 13 Who was the Founding Father that wrote the "Defence of the Destruction of Tea"? A – Patrick Henry B – Samuel Adams C – Alexander Hamilton D – Thomas Jefferson

15. Question 14 Who was the Founding Father that stated: "No taxes can be devised which are not more or less inconvenient and unpleasant"? A – Thomas Jefferson B – George Washington C – Benjamin Franklin D – Patrick Henry

16. Question 15 What case struck down the Income Tax? A – 1895 Pollock vs. Farmers Loan & Trust Co. B – 1803 Marbury vs. Madison C – Federalist Paper No. 12 D – Anti-Federalist Paper No. 10

17. Question 16 What is the definition of a "Tonnage"? A – An act of apportioning B – Something imposed or levied: tax C – A duty or impost on vessels D – To divide and share

18. Question 17 What Bills of Credit were implied in the publication "A Caveat Against Injustice"? A – Virginia Bills of Credit B – Connecticut Bills of Credit C – Rhode Island Bills of Credit D – North Carolina Bills of Credit

19. Question 18 The Spanish American dollar was valued at? A – 1300 federal units B – 1420 federal units C – 1440 federal units D – 1500 federal units

20. Question 19 According to Thomas Jefferson what was a concern of the National Bank? A – To transmit lands to successors B – Banking under national authority C – Alien subscribers held lands D – All of the above

21. Question 20 What year was the Report on the National Bank written? A – 1792 B – 1791 C – 1790 D – 1789

22. Answers 1) C - Alexander Hamilton 2) C - Roger Sherman 3) A - Something imposed or levied: tax 4) B - Andrew Jackson 5) D - Article I Section IX 6) A - John Marshall 7) B - Robert Morris 8) C - Continental Dollar 9) C - Section 19 10) D - Article I, Section 10 11) A - Foreign Shareholders 12) A – Benjamin Franklin 13) C – Alexander Hamilton 14) B – George Washington 15) A – 1895 Pollock vs. Farmers Loan & Trust Co. 16) C - A duty or impost on vessels 17) C – Rhode Island Bills of Credit 18) C – 1440 federal units 19) D – All of the above 20) C – 1790