The Creature from Jekyll Island: A Second Look at the Federal Reserve Quiz | One Week Quiz A

G. Edward Griffin
This set of Lesson Plans consists of approximately 218 pages of tests, essay questions, lessons, and other teaching materials.
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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 the laws regulating the economy is contained in this chapter.
(b) A history of bailouts was outlined in this chapter, starting in 1970 with Penn Central Railroad.
(c) A history of the Federal Reserve chairmain is contained in this section.
(d) A history of legislation regarding the Federal Reserve is contained in this section.

2. What resulted after the first electronic run on banks in 1983?
(a) The first electronic run on banks happened in 1983, leading to a hoarding of cash.
(b) The first electronic run on banks happened in 1983, leading to a massive bailout in the $6 billion range.
(c) The first electronic run on banks happened in 1983, leading to a collapse of the economy.
(d) The first electronic run on banks happened in 1983, leading to one trillion dollars being added to the deficit.

3. What was the main argument in favor of nationalizing banks?
(a) The fundamental argument in favor of the nationalization was that the system had to be purged of risk-taking bank executives.
(b) The fundamental argument in favor of the nationalization was that such bailouts would be allowed only once.
(c) The fundamental argument in favor of the nationalization was that a weak economy would recover more quickly.
(d) The fundamental argument in favor of the nationalization was that the system was so broken that it simply could not be regulated enough to work without eventually nationalizing all banking and industry.

4. What impact did the Greek currency system have on the economy?
(a) The Greek currency system led to an unstable economy.
(b) The Greek currency system had no effect on the economy.
(c) The Greek currency system led to other cultures creating similar systems.
(d) The Greek currency system led to a stable economy.

5. During the history of the world, what types of things were first traded?
(a) During the history of money development, trade started out between neighboring communities.
(b) During the history of money development, trade started out with bartering commodities, cows traded for grain and so on.
(c) During the history of money development, trade started out with a rudimentary currency system.
(d) During the history of money development, the first currency system was based on grain and livestock.

Short Answer Questions

1. How did the Federal Reserve System accomplish the nationalization of banks?

2. What was really behind the Russian Bolshevik Revolution?

3. Why was the use of fiat money disallowed in the United States?

4. What is the fundamental basis of capitalism?

5. What role did J. P. Morgan have in Milner's secret society?

(see the answer key)

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