This quiz consists of 5 multiple choice and 5 short answer questions through Section III. The New Alchemy, Chapters 13-15 Masquerade in Moscow; The Best Enemy Money Can Buy; The Lost Treasure Map.

Multiple Choice Questions

1. What historic reference is contained in this chapter?
(a) A history of legislation regarding the Federal Reserve is contained in this section.
(b) A history of the Federal Reserve chairmain is contained in this section.
(c) A history of bailouts was outlined in this chapter, starting in 1970 with Penn Central Railroad.
(d) A history of the laws regulating the economy is contained in this chapter.

2. How did the development of paper money begin?
(a) The development of paper money started out as vouchers issued by the government.
(b) The development of paper money started out as simply receipts issued by goldsmiths who were the first banks.
(c) The development of paper money started out as simply receipts issued by goldsmiths who gave the people's gold coins to the government.
(d) The development of paper money started out as simply receipts issued by goldsmiths who kept other people's gold coins in their vaults.

3. What was one of the strongest arguments in favor of bank regulation versus nationalization?
(a) An argument in favor of regulation was that the American people felt uncomfortable with nationalization.
(b) An argument in favor of regulation was that it would purge the system of fraud and abuse.
(c) An argument in favor of regulation was that, when properly administered, it had worked from the time of Franklin D. Roosevelt (President of the US from 1933 to 1945) to 1970.
(d) An argument in favor of regulation was that it would cause less unemployment.

4. What role did J. P. Morgan have in Milner's secret society?
(a) J.P. Morgan financed the sides of political struggles that agreed with his conservative views.
(b) J.P. Morgan financed all sides of political struggles so that no matter who won, that side would be beholding to him and his organizations.
(c) J.P. Morgan financed all sides of political struggles to boost his chances for elective office.
(d) J.P. Morgan financed the sides of political struggles that agreed with his liberal views.

5. What other organizations were spawned from Milner's secret society?
(a) Other parts of the secret society showed up as the Council on Foreign Relations and even the Red Cross.
(b) Other parts of the secret society showed up as the Noble Prize Commission.
(c) Other parts of the secret society showed up as the World Bank and Red Cross.
(d) Other parts of the secret society showed up as the International Money Fund.