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This quiz consists of 5 multiple choice and 5 short answer questions through The Obliteration of Capitalism.

Multiple Choice Questions

1. When does the gold standard cease to exist?
(a) At the beginning of World War II.
(b) At the end of World War I.
(c) At the end of World War II.
(d) At the beginning of World War I.

2. According to Rand, capitalism is based on what?
(a) Altruistic principles.
(b) Self-motivation.
(c) Government interference.
(d) Open borders.

3. Money functions as a __________ in transactions.
(a) Easy standard.
(b) Common denominator.
(c) National linkage.
(d) Similar currency.

4. The existence of money allows people to avoid the problems of ______.
(a) Credit.
(b) Interest.
(c) Barter.
(d) Savings.

5. What kind of rights, according to the author, is the American system of government based on?
(a) Majority rights.
(b) Individual rights.
(c) Power rights.
(d) Minority rights.

Short Answer Questions

1. According to Rand, what must the individual be willing to do in a capitalist society?

2. The author believes that capitalism cannot function with what?

3. What is the goal of the creation of the Federal Reserve System?

4. Who does Algeria fight for independence?

5. The existence of money promotes the division of what?

(see the answer key)

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