Whatever Happened to Penny Candy?

Quiz #2

1. The author bases his book on two schools of economic theory. Name one of
them.

The Austrian theory

The Monetarist theory

2. Define the following:

• Coin – Disc of precious metal such as gold or silver.

• Clad coin - A coin that has multiple layers of metal in it; most current
U.S. clad coins consist of an inner core of pure copper, with outer
layers of a silver-colored nickel-copper alloy.

• Token – Disc that contains no precious metal which can be used as a

substitute for a coin.

• Reeding – The grooves on the edges of the dime, the quarter and the
half dollar to prevent counterfeiting.

3. Which coins are reeded?

The dime, the quarter and the half dollar

Bonus: What does the acronym TANSTAAFL stand for?

There Ain't No Such Thing As A Free Lunch

Nothing is truly free. Someone must pay for it, if not with money then with
time and hard work.